The Young Plan, 1929
- Owen D. Young American banker
- Recommendation that German Reparations should reduced by 3/4
- Annual payments to be made on scaled model
- Germans hate it (Hitler)
- Lasts 4 years
Quotes"The man who can put himself in the place of other men, who can understand the workings of their minds, need never worry about what the future has in store for him." -Owen G. Young "Markets as well as mobs respond to human emotions; markets as well as mobs can be inflamed to their own destruction." -Owen G. Young "The world does not owe men a living, but business, if it is to fulfill its ideal, owes men an opportunity to earn a living." - Owen G. Young |
Summary
American banker Owen G. Young recommended that German reparations should be reduced by 3/4 and annual payments to be on a scaled model. Germans of course hated the idea, mainly Hitler because they were the ones to be put for blame. This plan only lasted 4 years.
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Questions? |
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What would have happen if the Young plan had lasted longer than 4 years?
Or what would happen if the Young plan never took place? |