INTER WAR YEARS 1919 TO 1939
NAZISM IN GERMANY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Dawes Plan
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The Young Plan
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The Kellogg-Briand Pact
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None of the above
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Detailed explanation-1: -The Young Plan reduced the total reparations debt from £6.6 billion to £2 billion. The Young Plan gave Germany 89 years to pay these reparations.
Detailed explanation-2: -No attempt was made to determine the total amount of reparations to be paid, but payments were to begin at 1 billion gold marks in the first year and rise to 2.5 billion marks by 1928. The plan provided for the reorganization of the Reichsbank and for an initial loan of 800 million marks to Germany.
Detailed explanation-3: -World War II Germany After World War II, according to the Potsdam conference held between July 17 and August 2, 1945, Germany was to pay the Allies US$23 billion mainly in machinery and manufacturing plants. Dismantling in the west stopped in 1950. Reparations to the Soviet Union stopped in 1953.
Detailed explanation-4: -In 1995, following reunification, Germany began making the final payments towards the loans. A final installment of US$94 million was made on 3 October 2010, settling German loan debts in regard to reparations.