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 Plan,the Young Plan was negotiated in Paris from February to June 1929 by a committee of international financial experts under the leadership of American businessman and economist Owen D. Young. Representatives of the affected governments then finalised and approved the plan at The Hague conference of 1929/30. Reparations were set at 36 billion Reichsmarks payable through 1988. Including interest,the total came to 112 billion Reichsmarks. The average annual payment was approximately two billion Reichsmarks. The plan came into effect on 17 May 1930,retroactive to 1 September 1929.
Herbrand Edward Dundonald Brassey Sackville,9th Earl De La Warr,,styled Lord Buckhurst until 1915,was a British politician. He was the first hereditary peer to join the Labour Party and became a government minister at the age of 23.
John Colin Campbell Davidson,1st Viscount Davidson,,known before his elevation to the peerage as J. C. C. Davidson,was a British civil servant and Conservative Party politician,best known for his close alliance with Stanley Baldwin. Initially a civil servant,Davidson was private secretary to Bonar Law between 1915 and 1920. After entering parliament in 1920,he served under Baldwin as Chancellor of the Duchy of Lancaster between 1923 and 1924 and as Parliamentary and Financial Secretary to the Admiralty between 1924 and 1926. From 1926 to 1930 he was Chairman of the Conservative Party. He was once again Chancellor of the Duchy of Lancaster between 1931 and 1937,firstly under Ramsay MacDonald and from 1935 onwards under Baldwin. On Baldwin's retirement in 1937,Davidson left the House of Commons and was ennobled as Viscount Davidson. Despite being only 48,he never took any further active part in politics. His wife Frances,Viscountess Davidson,succeeded him as MP for Hemel Hempstead. Lord Davidson died in London in 1970.
William Clive Bridgeman,1st Viscount Bridgeman,PC,JP,DL was a British Conservative politician and peer. He notably served as Home Secretary between 1922 and 1924. He was also an active cricketer.
Sir Franklin Charles Gimson was a British colonial administrator who served as Governor of Singapore from 1946 to 1952.
John Pierpont Morgan Jr. was an American banker,and finance executive. He inherited the family fortune and took over the business interests including J.P. Morgan &Co. after his father J. P. Morgan died in 1913.
Sir Charles Edward Henry Hobhouse,4th Baronet,TD,PC,JP was a British Liberal politician and officer in the Territorial Force. He was a member of the Liberal cabinet of H. H. Asquith between 1911 and 1915.
The Parliamentary and Financial Secretary to the Admiralty also known as the Parliamentary and Financial Secretary to the Board of Admiralty was a position on the Board of Admiralty and a civil officer of the British Royal Navy. It was usually filled by a Member of Parliament. Although he attended Board of Admiralty meetings informally he was not made a full member of that Board until 1929. He served as the deputy to the First Lord of the Admiralty in Parliament and was mainly responsible for all naval finance and spending proposals from 1625 until 1959.
Richard Bowditch "Dick" Wigglesworth was an American football player and coach and United States Representative from Massachusetts. He was born in Boston. He graduated from Milton Academy in 1908.
Andrew James Peters was an American politician who served as the Mayor of Boston and as a member of the United States House of Representatives. He is today best remembered for being a suspect in the death of Starr Faithfull.
Capt. Hon. Geoffrey William Algernon Howard JP was an English Liberal politician from the Howard family. He served as Vice-Chamberlain of the Household under H. H. Asquith between 1911 and 1915. He served in the Royal Marines in the First World War.
William Richards Castle Jr. was an American educator and diplomat. He rose rapidly to the highest levels of the United States Department of State and took a strong interest in Pacific issues,in part because of his family's background in Hawaii.
Commodore Henry Douglas King,CB,CBE,DSO,VD,PC was a British naval commander and Conservative politician. He served under Stanley Baldwin as Financial Secretary to the War Office between 1924 and 1928 and as Secretary for Mines between 1928 and 1929.
James Jelley was an Australian politician and trade unionist. He was a Labor member of the South Australian Legislative Council from 1912 to 1933,representing Central District (1912-1915) and Central District No. 1 (1915-1933).
The Balfour Note of 1 August 1922,signed by Britain's acting Foreign Secretary Arthur Balfour,was sent to Britain's debtors:France,Italy,Yugoslavia,Romania,Portugal and Greece. Balfour claimed that the British government had reluctantly decided that the loans that those countries had received from HM Treasury should be paid back and that reparations from Germany should be collected due to the need for Britain to pay its creditor,the United States.
David Gilbert is an American author known for the novels &Sons,The Normals,and for Remote Feed,a collection of short stories.
Seymour Parker Gilbert III was Chairman of Board and President of Morgan Stanley from 1983 until 1990.
The Reparation Commission,also Inter-Allied Reparation Commission,was established by the Treaty of Versailles to determine the level of World War I reparations which Germany should pay the victorious Allies. It promptly approved a plan for the apportionment of Austrian-Hungarian debt to the successor states that had been proposed by Ludwig von Mises,and its remit was broadened to reparations by other central powers,namely Austria,Bulgaria,and Hungary.
The Hague conference on reparations of 1929-30 was an international conference on World War I reparations that reviewed and adopted the Young Plan,the final attempt during the Weimar Republic to settle the reparations issue. The conference was held in The Hague,Netherlands in two parts,from 6 to 31 August 1929 and from 3 to 31 January 1930.
