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Following their defeat in World War I, the Central Powers agreed to pay war reparations to the Allied Powers. Each defeated power was required to make payments in either cash or kind. Because of the financial situation in Austria, Hungary, and Turkey after the war, few to no reparations were paid and the requirements for reparations were cancelled.
[24] Article 231, in which Germany accepted the responsibility of Germany and its allies for the damages resulting from the First World War, therefore served as a legal basis for the articles following it within the reparations chapter, obliging Germany to pay compensation limited to civilian damages. [36]
In addition, Germany was forced to accept responsibility for the damages caused in the war and was obliged to pay reparations to the Allies. Since the war in the west was fought predominately on French soil, the bulk of the reparations were owed to France.
British public opinion wanted to make Germany pay for the War. [53] Public opinion favoured a "just peace", which would force Germany to pay reparations and be unable to repeat the aggression of 1914, although those of a "liberal and advanced opinion" shared Wilson's ideal of a peace of reconciliation. [14]
The Paris Peace Conference was a set of formal and informal diplomatic meetings in 1919 and 1920 after the end of World War I, in which the victorious Allies set the peace terms for the defeated Central Powers. Dominated by the leaders of Britain, France, the United States and Italy, the conference resulted in five treaties that rearranged the ...
The Young Plan was a 1929 attempt to settle issues surrounding the World War I reparations obligations that Germany owed under the terms of Treaty of Versailles.Developed to replace the 1924 Dawes Plan, the Young Plan was negotiated in Paris from February to June 1929 by a committee of international financial experts under the leadership of American businessman and economist Owen D. Young.
A supplementary protocol signed in August 1918 required Russia to pay Germany war reparations of six billion marks. The treaty was controversial in Russia, giving a unifying cause to the White movement and opening a rift between the Bolsheviks and the Left Socialist-Revolutionaries , whose representatives withdrew from the Council of People's ...
The purpose of the occupation was to give France and Belgium security against any future German attack and serve as a guarantee for Germany's reparations obligations. After Germany fell behind on its payments in 1922, the occupation was expanded to include the industrial Ruhr valley from 1923 to 1925.