the young plan
-Owen D. Young was an American banker
-Recommended to reduce the wartime referendums by ¾ pay over 74 years
-Annual payments to be made on scaled model
-Germany hated it because France still insisted on making them pay back the loan
-In particular Hitler was upset about the fact that he still had to pay France back because he felt as if he had been hard done by and that the tax should have been dropped.
- "Markets as well as mobs respond to human emotions; markets as well as mobs can be inflamed to their own destruction." - Owen D Young.
-Recommended to reduce the wartime referendums by ¾ pay over 74 years
-Annual payments to be made on scaled model
-Germany hated it because France still insisted on making them pay back the loan
-In particular Hitler was upset about the fact that he still had to pay France back because he felt as if he had been hard done by and that the tax should have been dropped.
- "Markets as well as mobs respond to human emotions; markets as well as mobs can be inflamed to their own destruction." - Owen D Young.