( C2 ) The Young Plan -1929- Flashcards
what was the total reparation amount reduced to
the total reparation amount was reduced to 8 billion dollars
what was the period length in which the payment was to be made over and at a rate of what
the payment was to be made over a period of 59 years and at a rate of 473 million dollars per year
what was Germany only obliged to do
Germany was obliged to only pay a third of the annual sum each year and pay more if it could
in the Youngs plan what did the French agree to do
in the Youngs plan the French agreed to leave the Rhineland by June 1930 ( Which was 5 years ahead of the original timing )
what did the reduction in annual payments allow the government to do
the reduction in annual payments allowed the government to reduce taxes and release funds that were used to boost Germany’s industry and create jobs for workers
who opposed the young plan and why
many nationalist groups opposed the young plan as they were still upset that Germany was to pay reparations. they felt the time period was too long and would affect Germany’s progression
who organised a petition against the plan and who many signatures did it get
Alfred Hugenburg ,a media businessman, set up the petition and got 4 million signatures
when was a referendum held and what were its results
a referendum was held in December 1929 with only 14 percent of the German population voting against it
why did the young plan come to nothing
in the end the young plan came to nothing due to the wall st crash
what couldn’t the Americans do after the wall st crash
the Americans couldn’t offer loans to germany after the wall St crash
