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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.
Most of the war's major battles occurred in France and Belgium, with both the French countryside and Belgian countryside being heavily scarred in the fighting. Furthermore, in 1918 during the German retreat, German troops devastated France's most industrialized region in the north-east (Nord-Pas de Calais Mining Basin) as well as Belgium.
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 ...
Reparations are broadly understood as compensation given for an abuse or injury. [1] The colloquial meaning of reparations has changed substantively over the last century. In the early 1900s, reparations were interstate exchanges (see war reparations) that were punitive mechanisms determined by treaty and paid by the surrendering side of a conflict, such as the World War I reparations paid by ...
President Marcelo Rebelo de Sousa said late on Tuesday that Portugal was responsible for crimes committed during transatlantic slavery and the colonial era, and suggested there was a need for ...
The debate over whether or not the United States should pay reparations for slavery to African-American citizens continues even after last week's House Judiciary Committee hearing on the matter.
On 28 June 1914, Bosnian Serb youngster Gavrilo Princip assassinated the heir to the throne of Austria-Hungary, Archduke Franz Ferdinand, in Sarajevo.The assassination was part of a plot conceived by the Pan-Slavic nationalist organization Young Bosnia and supported by the Black Hand, a secret society founded by senior Serbian military and intelligence officials. [1]
An official who spent 4 decades at the Fed says $2 trillion in annual reparations is the least we can do to fix systemic racism: ‘I just don’t want to wait for another generation’