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Detlev Peukert states, "Reparations did not, in fact, bleed the German economy" as had been feared, however the "psychological effects of reparations were extremely serious, as was the strain that the vicious circle of credits and reparations placed the international financial system". [163]
The Reparation Commission, also Inter-Allied Reparation Commission (sometimes "Reparations Commission"), was established by the Treaty of Versailles to determine the level of World War I reparations which Germany should pay the victorious Allies. [1]
Reparations were unpopular and strained the German economy but they were payable and from 1919 to 1931, when reparations ended, Germany paid fewer than 21 billion gold marks. [66] The Reparation Commission and the Bank for International Settlements gave a total German payment of 20.598 billion gold marks, whereas historian Niall Ferguson ...
War reparations are often governed by treaties which belligerent parties negotiate as part of a peace settlement. [1] Payment of reparations often occur as part of a condition to remove occupying troops or under the threat of re-occupation. [1] The legal basis for war reparations in modern international law is Article 3 of the Hague Convention ...
French negotiators required reparations, to make Germany pay for the destruction induced throughout the war and to decrease German strength. [41] The French also wanted the iron ore and coal of the Saar Valley , by annexation to France. [ 49 ]
Ahead of reparations report, Don Tamaki, a Japanese American attorney and member of the reparations task force, reflects on fighting for prison camp survivors.
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.
After a blockbuster 1,000 page report, California's reparations advocates will have to convert recommendations from its statewide task force into policies — and convincing voters to pay for it.