Report of The Committee of Experts - The Young Plan.

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Report of The Committee of Experts - The Young Plan. The Young Plan was formulated in 1929. The Young Plan was an attempt by former wartime allies to support the government of Weimar Germany. The committee that assessed the reparations issue was headed by Owen Young ? hence the plan?s title. In fact, it was a committee that had been appointed by the Allied Reparations Committee. Within the committee the Americans were very dominant ? a reflection of the USA?s status as the world?s richest nation. J P Morgan, one of the world?s leading bankers, was a member of the US team. However, between the presentation of the Young Plan and its formal adoption, the Wall Street Crash occurred. Any form of financial support for Weimar was all but impossible as the US turned inwards on itself. In June 1931, the Allies agreed to suspend all forms of reparation payments that Germany was meant to have paid as it was clear that Germany was in no state where she could make any form of payment. In January 1933, Hitler was appointed Chancellor and he had no desire to even discuss the issue of reparations let alone pay them. By the time of his appointment the Young Plan was dead ? even if it had not been beforehand. The report in four languages[English, German, French and Italian] is in Fair to Good condition and is ex British Foreign & Commonwealth Office Library. Nr.8759. Bestandsnummer des Verkäufers 8759

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