Young plan

noun

a plan reducing the reparations provided by the Dawes plan, devised by an international committee headed by Owen D. Young and put into effect in 1929.

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The Dawes Plan of 1924 issued loans to help restructure Germany's finances, and the Young Plan of 1928 stretched out the reparations payments.

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Sen. Lisa Murkowski and Rep. Don Young plan to be in Alaska during the event.

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The next year, and again in 1928, under the Dawes Plan and the Young Plan, the country’s debts were revised and extended, but this didn’t work either.

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To stop this, the Young Plan of 1929 made it riskier to lend to Germany, but the ensuing deflation and recession soon became self-defeating, ending in political chaos and German debt default.

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In 2010 we didn’t serve them a Marshall Plan either, but a deflationary Young Plan instead.

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young one Young Pretender

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