Owen Young7 June 1929
The Reparations Committee, is appointed by the Allied Reparation Committee, meets in the first half of 1929, and submits its first report
United States of America · Warfare / World War, 1st. Chronological records rendered directly from the World History Database.
The Reparations Committee, is appointed by the Allied Reparation Committee, meets in the first half of 1929, and submits its first report
The Young Plan meets with great objections from the United Kingdom but, after a first Hague Conference, the plan is finalized
Germany would know the exact extent of German obligations and to reduce the payments appreciably, the Young Plan divided the annual payment, set at about $473 million, into two elements-an unconditional part (one third of the sum)
The Young Plan calls for an international bank of settlements to handle the reparations transfers, the resulting Bank for International Settlements was duly established at the Hague Conference.
The Young Plan sets the total reparations at $26,350,000,000 to be paid over a period of 58 years & is adopted by the Allied Powers to supersede the Dawes Plan. The Young Plan is formally adopted at the second Hague Conference.
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