Reparation and War Debt Payments

Archive Report

The United States and the New Reparation Plan

The Young plan, after having been in force provisionally since September 1, 1929, when the fifth year under the Dawes plan came to a close, was formally declared by Germany and the creditor powers to be in full force and effect as a “complete and final settlement of the reparation problem” on May 17 of this year. The seven months from September 1, 1929, to March 31, 1930, were designated in the plan as a “transitional period,” a period for which special adjustments were made between the payments required under the Dawes plan and the Young plan. The first full annuity year under the new plan opened on April 1, the Bank for International Settlements was established ...

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