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The Treaty of Versailles (signed in 1919) and the 1921 London Schedule of Payments required the Central Powers to pay 132 billion gold marks (US$33 billion at the time which is US$605. billion in 2025 [2]) in reparations to cover civilian damage caused during the war.
Georges Clemenceau, the Prime Minister of France, thought it appropriate that any just peace required Germany to pay reparations for the damage they had caused. He also saw reparations as a means to ensure that Germany could not again threaten France and as well to weaken the German ability to compete with France's industrialization. [19]
A 2020 poll from The Washington Post showed that "63% of Americans don't think the U.S. should pay reparations to the descendants of slaves". [75] Notably, 82% of Black Americans support reparations, while 75% of White Americans do not.
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.
For a time, at least before the pandemic and the war in Ukraine upended the global economy, the Federal Reserve had begun to focus more on the first part of its so-called dual mandate—which ...
Girls too young for paid jobs learned how they could help the war effort. Over 21 million people were killed or injured in World War I; in many cases, all of the men in one family were killed, numerous cities in Europe were destroyed, and family life throughout the world was greatly affected. [8]
The payments are part of a highly unique program, which launched last December, to address the ongoing impacts of America’s racist past and the present-day inequalities of its criminal justice ...
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 ...