Deutsche Reparationen nach dem Ersten Weltkrieg

The Young Plan (also New Plan) was the last of the reparations plans that regulated the German Empire's payment obligations on the basis of the Peace Treaty of Versailles.

The Dawes Plan of August 16, 1924 regulated Germany's reparation payments to the victorious powers of the First World War.

The British economist John Maynard Keynes was a member of the British delegation to the Treaty of Versailles negotiations as a representative of the British Treasury. Shortly before the conclusion of the negotiations, he resigned from his position in the delegation in protest against the contractual conditions that were to be imposed on Germany and wrote the sensational book The Economic Consequences of the Peace in 1919, in which he criticized the reparation payments imposed on Germany as economically absurd. They would both destabilize international economic relations and bring greater social explosives for Germany.