ABSTRACT
Young Plan Named after American banker Owen Young, the 1929 Young Plan attempted to restructure the German war debt from World War I. It modified the Dawes Plan concluded five years earlier. The Young Plan set up a Bank of International Settle ments, which organized a schedule of fifty-nine yearly payments, averaging two billion Reichmarks, payable to the United States and the Allies. The leader of the German negotiations, Foreign Min ister Gustav Stresemann (q.v.) pushed hard for the reduction of German debt as well as the stipulation that all international controls on German eco nomic life would be lifted. Additionally, the Allies would agree to remove French and Belgian troops from German soil by 1930.
