Dawes+and+Young+Plan

Dawes (1924) and Young (1929) Plans:

These were the United States plans to renegotiate and reduce Germany's raparations. In 1929, they were reduced to US$8 billion, which was to be repaid over 59 years. If this action was not taken into action, Germany's economy would have collapsed, therefore causing Britain and France not being paid their amounts. Thus, America would have not been paid from their loans to Britain and France.