World War I reparations
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Following their defeat in World War I, the Central Powers agreed to pay war reparations to the Allied Powers. Each defeated power was required to make payments in either cash or kind. Because of the f
Avocourt, 1918, one of the many destroyed French villages where reconstruction would be funded by reparations.
Demonstration against the Treaty of Versailles, in front of the Reichstag.
Trains loaded with machinery deliver their cargo in 1920 as reparation payment in kind.
Protests by gymnasts from the Ruhr at the 1923 Munich Gymnastics Festival. The sign on the left reads "The Ruhr remains German". The right placard reads "We never want to be vassals".
Young Plan
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The Young Plan was a 1929 attempt to settle issues surrounding the World War I reparations obligations that Germany owed under the terms of Treaty of Versailles. Developed to replace the 1924 Dawes Pl
Charles Dawes, who led the committee that developed the Dawes Plan
The Reichsbank building in Berlin. The Young Plan brought the bank back fully under German control.
Prime Minister Raymond Poincaré. He was unable to convince the French parliament to accept the Young Plan.
Participants in a rally against the Young Plan at the Hermann Monument on 1 September. Alfred Hugenberg is in the center.