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Detlev Peukert argued the financial problems that arose in the early 1920s, were a result of post-war loans and the way Germany funded her war effort, and not the result of reparations. [116] During the First World War, Germany did not raise taxes or create new ones to pay for war-time expenses.
After World War II, both the Federal Republic and Democratic Republic of Germany were obliged to pay war reparations to the Allied governments, according to the Potsdam Conference. Other Axis nations were obliged to pay war reparations according to the Paris Peace Treaties, 1947. Austria was not included in any of these treaties.
The Plan set up a staggered schedule for Germany's payment of war reparations, provided for a large loan to stabilise the German currency and ended the occupation of the Ruhr. It resulted in a brief period of economic recovery in the second half of the 1920s, although it came at the price of a heavy reliance on foreign capital.
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.
War reparations made pursuant to the San Francisco Peace Treaty with Japan (1951) include: reparations amounting to US$550 million (198 billion yen 1956) were made to the Philippines, and US$39 million (14.04 billion yen 1959) to South Vietnam; payment to the International Committee of the Red Cross to compensate prisoners of war (POW) of 4.5 ...
It was an attempt to use popular legislation to annul the Young Plan agreement between the German government and the World War I opponents of the German Reich regarding the amount and conditions of reparations payments. The referendum was the result of the initiative "Against the Enslavement of the German People (Freedom Act)" launched in 1929 ...
The Golden Twenties (German: Goldene Zwanziger), also known as the Happy Twenties (German: Glückliche Zwanziger), was a five-year time period within the decade of the 1920s in Germany. The era began in 1924, after the end of the hyperinflation following World War I, and ended with the Wall Street crash of 1929.
East Germany portal This category is for fictional characters from the Federal Republic of Germany , or whom are of German descent; including characters who are citizens of the German Overseas Territories , dependencies, dominions, colonies, protectorates, mandates and other territories ruled or administered by Germany .