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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 ...
The Korean War was important in the development of the Cold War, as it showed that the two superpowers, United States and Soviet Union, could fight a "limited war" in a third country. The "limited war" or " proxy war " strategy was a feature of conflicts such as the Vietnam War and the Soviet War in Afghanistan , as well as wars in Angola ...
The types and amounts of industry to be dismantled to achieve that was to be determined later (see Allied plans for German industry after World War II). The German industrial war potential was to be destroyed by the destruction or control of all industries with military potential.
The "Big Three": Attlee, Truman, Stalin. The Potsdam Agreement (German: Potsdamer Abkommen) was the agreement among three of the Allies of World War II: the United Kingdom, the United States, and the Soviet Union after the war ended in Europe that was signed on 1 August 1945 and it was published the next day.
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.
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: