WORLD WAR I
LEAGUE OF NATIONS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Young(1930)
|
|
|
Dawes(1924)
|
|
|
Marshal
|
|
|
None of the above
|
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: -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.
Detailed explanation-3: -Results of the Dawes Plan The capital now available to German industry functionally transferred the burdens of Germany’s war reparations from German government and industry to American bond investors.
Detailed explanation-4: -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’.