Ninety-five years ago today, on January 20, 1930 (December 21, 1929), the Hague Conference concluded with the approval of the "Younger Plan" formulated by the United States. The "Younger Plan", the plan of the victorious powers of World War I to prescribe German reparations. In early 1929, Germany claimed that its finances were on the verge of collapse, and in particular implemented the reparations provisions of the "Dawes Plan". With the support of the United States, the expert committee to "consider the Dawes Plan" held a meeting in February 1929. Under the planning of the meeting chairperson, Younger, a new plan for German reparations was formulated. The "Younger Plan" was officially announced on June 7. Main contents: The total amount of German reparations is 113.90 billion marks, which will be paid within 59 years; the reparation period is divided into two stages, the average payment of 2 billion marks per year for the first 37 years, and the annual payment of reparations for the next 22 years is equal to the annual amount required by the countries entitled to reparations to pay the war debts owed to the United States; by the United States, Britain, France, Italy and Belgium, a Bank for International Settlements will be established, which will be responsible for the timely transfer of German reparations to Britain, France, Italy and Belgium to the United States to pay the war debts they owe; Cancel the supervision of Germany's financial economy by the Allies: by the end of June 1930, the Allies will withdraw their occupation troops from the Rhine region. The "Younger Plan" was officially approved at the Allied Reparations Conference in The Hague on January 20, 1930. The Hague Conference ended on this day.