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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.
During World War II, Germany extracted payments from occupied countries, compelled loans, stole or destroyed property. In addition, countries were obliged to provide resources, and forced labour. After World War II , according to the Potsdam conference held between July 17 and August 2, 1945, Germany was to pay the Allies US$23 billion mainly ...
Wiedergutmachung (German pronunciation: [viːdɐˈɡuːtˌmaxʊŋ] ⓘ; German: "compensation", "restitution") refers to the reparations that the German government agreed to pay in 1953 to the direct survivors of the Holocaust, and to those who were made to work at forced labour camps or who otherwise became victims of the Nazis.
Memorial at the border transit and release camp Moschendorf (1945–1957). The inscription states it was the door to freedom for hundreds of thousands of prisoners of war, civilian prisoners, and expellees. In the years following World War II, large numbers of German civilians and captured soldiers were forced into labor by the Allied forces.
At the end of World War II, plans were made in the Netherlands to annex German territory as compensation for the damages caused by the war. In October 1945, the Dutch state asked Germany for 25 billion guilders in reparations. In February 1945 it had already been established at the Yalta Conference that reparations would not be given in ...
(Bulgaria was part of the Axis but did not declare war on the Soviet Union). In the cases of Romania and Hungary, the reparation terms as set forth in their armistices were relatively high and were not revised. War reparations at 1938 prices, in United States dollar amounts: $360,000,000 (equivalent to $7,792,000,000 in 2023) from Italy:
Israel's relations with Germany, already extremely delicate on account of the Holocaust, were complicated further by Cold War politics and the division of Germany into mutually hostile Eastern and Western states; the former a communist satellite aligned with the Soviet Union, the latter a liberal democracy oriented towards the West. Due to a ...
As reparations were based on what Germany could pay, Marks says the inclusion of such items did not affect German liability but altered distribution of reparations; the "inclusion of pensions and allowances increased the British share of the pie but did not enlarge the pie."