Search results
Results from the WOW.Com Content Network
The Young Plan was a 1929 attempt to settle issues surrounding the World War I reparations obligations that Germany owed under the terms of Treaty of Versailles.Developed to replace the 1924 Dawes Plan, the Young Plan was negotiated in Paris from February to June 1929 by a committee of international financial experts under the leadership of American businessman and economist Owen D. Young.
A referendum on the Young Plan was held in Germany on 22 December 1929. It was an attempt to use popular legislation to annul the Young Plan agreement between the German government and the World War I opponents of the German Reich regarding the amount and conditions of reparations payments.
The implementation of the Young Plan required the Anglo-French withdrawal from the Rhineland within months. [82] Despite the reduction, there was increasing German hostility to the plan. For example, the Law against the Enslavement of the German People, or Freedom Law, was proposed by the nationalist politician Alfred Hugenberg .
The infamous paragraph four in the proposed "Law Against the Enslavement of the German People" (more commonly known as the "Freedom Law") – as the proposed anti-Young Plan bill to be submitted in the referendum was called – stipulating that those Reichstag members who voted for the Young Plan and those civil servants who handed over ...
31 August – The Young Plan for settling German World War I reparations is finalized. October – The Wall Street crash of 1929 marks a major turning point in Germany: following prosperity under the government of the Weimar Republic , foreign investors withdraw their German interests, beginning the crumbling of the Republican government in ...
Hugenberg's efforts led to the Young Plan referendum on 22 December 1929. The NSDAP were one of the groups which joined Hugenberg's campaign against the Young Plan, and the resulting wave of publicity brought Adolf Hitler back into the limelight after five years of obscurity following his trial for high treason in 1924. [128]
Maybe Democrats need to rethink their game plan, ... Moreover, he made great strides with constituents traditionally important to Democrats, including Hispanics and young people. Do they want to ...
The Lausanne Conference of 1932, held from 16 June to 9 July 1932 in Lausanne, Switzerland, was a meeting of representatives from the United Kingdom, France, Italy, Belgium, Japan and Germany that resulted in an agreement to lower Germany's World War I reparations obligations as imposed by the Treaty of Versailles and the 1929 Young Plan.