Young plan

noun

1. 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.

Example Sentences

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.

Read more on Economist