The Young Plan was a program established in 1929 to address the reparations that Germany was required to pay after World War I. Named after American banker Owen D. Young, the plan aimed to reduce the total amount of reparations and extend the payment period, making it more manageable for Germany. It proposed a total payment of about 121 billion gold marks, to be paid over 58 years. The plan was part of a broader effort to stabilize the European economy during the interwar period. However, it faced criticism and opposition, particularly from nationalist groups in Germany. The Great Depression in the early 1930s further complicated the situation, leading to the eventual abandonment of the Young Plan.