In 1929, at the end of the Dawes Plan, which consisted of 20 billion gold marks settled over ten years, the Americans, who were the main donors, established a new budget for the remaining German debt. The Young Plan considerably reduced the total amount of reparations due by Germany (by about 17%) and shifted payments to 59 pensions, so that they ran until 1988. In addition, he eliminated international control over the railway, the mortgage of part of German industry and the presence of the general agent of repairs, the American Seymour Parker Gilbert, in Berlin. The economic crisis of 1929, which broke out a few weeks after the signing of the Young Plan, led to the gradual liquidation of reparations. In 1931, the President of the United States suspended all interstate debt for a year. In July 1932, the Lausanne Conference decided that payment of reparations would cease, but its conclusions were never ratified. Another aspect of the Young plan to support Germany was the real need for repayment per year. Germany had to pay a third of the amount required each year under a binding agreement – about $157 million. However, the other two-thirds were to be paid only if Germany could afford to do so in a way that did not harm its economic development. The adoption of the Young Plan ended the debate on the importance or non-importance of transfer protection. Germany was forced to give up transfer protection if it wanted to achieve a reduction in the annual burden imposed on it by the Dawes Plan.

In their view, the creditor powers would have had no reason to grant Germany a change in their conditions if they had not themselves obtained that advantage: that instead of the temporary and indefinite provision of the Dawes Plan, a final and final debt agreement had been reached on the basis of which the regular payment of the reduced pensions appeared to be guaranteed, to the extent possible, over a certain period of time. However, if the adoption of the Young Plan did not bring joy to Germany, it would be wrong to conclude that the treaty, now that it has been concluded, is respected by the German people with less seriousness and goodwill than an agreement that better meets their expectations. In president von Hindenburg`s manifesto to the German people for the ratification of the Youth Plan laws, he urged Germany with all its usual moral seriousness and strict sense of duty to unite in working for the common good of the people and the country after the end of the youth plan conflict. The fact that the president`s appeal has received enthusiastic approval is the best proof that Germany will be as faithful in implementing the Young Plan as it has met the requirements of the dawes plan for five years. Although the Young Plan did reduce Germany`s commitments, it was rejected by sections of the political ripper in Germany. Conservative groups had spoken out most openly against reparations, taking opposition to the Young Plan as a problem. .


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