Young Plan

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The Committee, which had been appointed by the Allied Reparations Committee , met in the first half of 1929, and submitted its first report on June 7 of that year. In addition to Young, the United States was represented by J. P. Morgan, Jr. , the prominent banker, and his partner, Thomas W. Lamont . The report met with great objections from the United Kingdom but, after a first Hague Conference, a plan was finalized on August 31. The plan was formally adopted at a second Hague Conference, in January 1930.

A referendum was held in Germany on 22 December 1929. [1] It was a failed attempt to introduce a 'Law against the Enslavement of the German People'. The legislation, proposed by German nationalists, would formally renounce the Treaty of Versailles and make it a criminal offence for German officials to co-operate in the collecting of reparations . Although it was approved by 94.5% of those who voted, voter turnout was just 14.9%, well below the 50% necessary for it to pass. [2]

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