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Young Plan
A plan established in 1929 that reduced Germany's reparation payments to £1.8 billion, requiring payments until 1988, and placed full responsibility on the German government.
Reparations
Payments imposed on Germany after World War I to compensate the Allied powers for the damage caused during the war.
Owen Young
An American businessman and lawyer who chaired the committee that developed the Young Plan, serving as a significant figure in international negotiations on reparations.
Alfred Hugenberg
Leader of the right-wing DNVP who campaigned against the Young Plan, viewing it as a betrayal of national interests and promoting the 'freedom law'.
Freedom Law
A proposed law demanding the repudiation of the war-guilt clause of the Treaty of Versailles and the immediate evacuation of German-occupied areas.
Hyperinflation
An extremely high and typically accelerating inflation, which affected Germany heavily in 1923, leading to economic instability.
Stresemann
German Foreign Minister who supported the Young Plan and played a key role in Germany's foreign policy during the 1920s.
Rhineland
Region of Germany occupied by Allied forces post-World War I until the final settlement of the reparations issue was established.
Dawes Plan
The 1924 plan that aimed to ease financial pressure on Germany by restructuring its reparation payments, but was intended to be temporary.
National Opposition
A coalition of right-wing groups, including the DNVP and the Nazis, that campaigned against the Young Plan and promoted nationalism.
