What was the aim of the Young Plan initiated in August 1929?

The Young Plan aimed to reduce Germany's reparations payments further, reflecting an effort to ease the financial burden placed on Germany following World War I. Originally established in response to the Treaty of Versailles, which imposed heavy reparations on Germany, the Young Plan sought to modify these terms through a more manageable approach.

The plan included a significant reduction in the total amount Germany had to pay, from 132 billion gold marks to about 112 billion marks, and extended the payment period. This was intended to support Germany’s economy during a time of significant hardship, ultimately helping stabilize the country and promote recovery.

The focus was strongly on making reparations more feasible rather than eliminating them completely, which allows this option to be understood as a strategic move to foster better relations among the nations affected by the post-war reparations and to stabilize Europe during a tumultuous economic period.