the dawes plan, 1924, the young plan, 1929
-Young plan created by Owen D. Young, American banker
-Dawes plan was plan which had germany pay the allies the allies pay the U.S and have the U.S pay Germany
-Dawes plan was a circle of money being payed
-Recommendation that German Reparations should be reduced by 3/4
-Annual payments to be made on a scaled model
-Germans hate it (Hitler)
-Dawes plan was plan which had germany pay the allies the allies pay the U.S and have the U.S pay Germany
-Dawes plan was a circle of money being payed
-Recommendation that German Reparations should be reduced by 3/4
-Annual payments to be made on a scaled model
-Germans hate it (Hitler)
summery
The Dawes Plan and The Young Plan were an attempt in 1924 to solve the reparations problem. While the Dawes plan resolved a serious international crisis, Dawes shared the Nobel Peace Prize in 1925 for his work. It was an interim measure and proved unworkable; the Young Plan was adopted in 1929 to replace it.
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