Dawes Plan
The USA gave money to Germany
Money paid back to France for reparations
France then cycled the money back to the United Sates for previous debts
Money paid back to France for reparations
France then cycled the money back to the United Sates for previous debts
Young Plan
Owen D. Young an American banker thought to reduce the pressure on Germany
He suggested that their war reparations be reduced by 3/4
Annual Payments were to be payed on a scale model
The Germans hated the idea, for they felt degraded to start with
He suggested that their war reparations be reduced by 3/4
Annual Payments were to be payed on a scale model
The Germans hated the idea, for they felt degraded to start with
Summary
Both the Dawes and Young Plans helped various country to lighten their economic debts, starting with the United States. In the Dawes Plan money was cycled through Germany and France to eventually be paid back to the United States. The Young Plan was designed to cut down the amount of Germany's war reparations through a scale model.