Search results
Results From The WOW.Com Content Network
With its defeat, Germany could not impose reparations and pay off her war debts now, which were now colossal. [ 116 ] Historian Niall Ferguson partially supports this analysis: had reparations not been imposed, Germany would still have had significant problems caused by the need to pay war debts and the demands of voters for more social ...
Dawes, who was the U.S. vice president at the time, received the Nobel Peace Prize of 1925 for "his crucial role in bringing about the Dawes Plan", specifically for the way it reduced the state of tension between France and Germany resulting from Germany's missed reparations payments and France's occupation of the Ruhr.
Germany considers this treaty as the final regulation which concludes the question of open reparations which had been made in previous treaties such as the London Debt Agreement. [57] Greece rejects this notion and on 8 February 2015, the then-Greek Prime Minister, Alexis Tsipras demanded that Germany pay the "complete" reparations to Greece ...
Germany was due to pay off the interest to the United States in 2010, [29] and to other countries in 2020. [30] In 2010, Time magazine reported that Germany made "final reparations-related payment for the Great War on Oct. 3, nearly 92 years after the country's defeat by the Allies". [31]
A referendum on the Young Plan was held in Germany on 22 December 1929. 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 Lausanne Conference of 1932, held from 16 June to 9 July 1932 in Lausanne, Switzerland, was a meeting of representatives from the United Kingdom, France, Italy, Belgium, Japan and Germany that resulted in an agreement to lower Germany's World War I reparations obligations as imposed by the Treaty of Versailles and the 1929 Young Plan.
Germany agreed to pay reparations of 132 billion gold marks to the Triple Entente in the Treaty of Versailles. When Germany stopped making payments in 1932 after the agreement reached at the Lausanne Conference failed to be ratified, [ 12 ] Germany had paid only a part of the sum.
Despite the ending of cash payments for the rest of 1922, the main cause of Germany's inability to pay, the steady depreciation of the mark, was ongoing. Towards the end of the year it assumed a disastrous rapidity. On August 1, the US Dollar still stood at 643 Marks to the Dollar and the British Pound at 2,850 Marks to the Pound. But on ...