INTER WAR YEARS 1919 TO 1939
NAZISM IN GERMANY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The Allies/ Owen Young reduced the cost of the Reparations to a quarter of the original price and gave them 60 years to repay them
|
|
|
Signed by 65 other countries it stated not to use violence to settle disputes
|
|
|
The Allies/ Owen Young reduced the cost of the Reparations to a quarter of the original price and gave them 59 year to repay them
|
|
|
The Allies/ Owen Young reduced the cost of the Reparations to a quarter of the original price and gave them 61 years to repay them
|
Detailed explanation-1: -Young, the head of General Electric and a member of the Dawes committee, proposed a plan that reduced the total amount of reparations demanded of Germany to 121 billion gold marks, almost $29 billion, payable over 58 years. Another loan would be floated in foreign markets, this one totaling $300 million.
Detailed explanation-2: -The Young Plan was simple. It cut Germany’s total reparations from £6.6billion to £2 billion. In addition, the Young Plan also gave 59 years to pay reparations meaning Germany would be paying reparations until 1988.
Detailed explanation-3: -This law would renounce all reparations and make it a criminal offense for any German official to cooperate in their collection. It would also renounce the German acknowledgement of “war guilt” and the occupation of German territory which were also terms of the Treaty of Versailles.
Detailed explanation-4: -Young Plan, (1929), second renegotiation of Germany’s World War I reparation payments.
Detailed explanation-5: -The Young Plan was an attempt by former wartime allies to support the government of Weimar Germany. In 1924, the Dawes Plan had been introduced to bring Weimar out of hyperinflation and to stabilise its economy. It appeared to have succeeded as 1924 to mid-1929 are viewed by historians as Weimar’s ‘golden years’.