1929+Young+Plan

Description: Young Plan 1929: A program for settlement of German reparations after the First World War. The program suggested that the total amount of reparations should be reduced by about three quarters and that Germany should make annual payments on a reasonable sliding increasing scale to 1988.

Role in Hitler's Rise: The wall street crash of 1929 came between the agreement and adoption of the plan which caused the instant recall of money from Europe by the American Banking System. This rapid demand and downfall of exports and importas affected the rest of the world, including Germany, which by 1931 had an unemployment rate of 33.7 percent. Hitler and right wing politicians severely criticized the Young Plan and the worsening of economic conditions influenced the ignorant to sway to the radical sides of the government for improvement.