Ad
related to: how did reparations affect germany in ww2 timeline
Search results
Results From The WOW.Com Content Network
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 process in Germany was often extremely difficult. According to a report commissioned by the German government on the "Fate of Jewish Clothiers in the Nazi Dictatorship": "For those who applied, the euphemistic-sounding terms "compensation" and "reparations" often meant a bitter fight which sometimes lasted for decades and over generations ...
The Bank of Israel credited the reparations for about 15% of Israel's GNP growth and the creation of 45,000 jobs during the 12-year period they had been in effect, though the BoI report also noted that the funds received were not crucial in that Israel would have secured the funds in any case from other sources. [15]
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 in machinery and manufacturing plants. Dismantling in the West stopped in 1950. Reparations to the Soviet Union stopped in 1953 (only paid by the GDR).
The government believed that it would be able to pay off the debt by winning the war and imposing war reparations on the defeated Allies. This was to be done by annexing resource-rich industrial territory in the west and east and imposing cash payments to Germany, similar to the French indemnity that followed German victory over France in 1870. [1]
The Versailles Treaty required Germany to pay reparations for the damage it did during the war. Germany tried to have the obligation revised downward, [68] but France used military force and occupied German industrial areas, making reparations the "chief battleground of the post-war era" and "the focus of the power struggle between France and ...
The history of Germany from 1945 to 1990 comprises the period following World War II. The period began with the Berlin Declaration , marking the abolition of the German Reich and Allied-occupied period in Germany on 5 June 1945, and ended with the German reunification on 3 October 1990.
Plans for transfer of the German population from Romania to Germany existed at least since 1939, but were abandoned during World War II. The idea re-emerged, at the proposal of the German government, after Romania left the Axis and joined the Allies.