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When the 1921 London conference to determine how much Germany should pay was called, the Allies calculated on the basis of what Germany could pay, not on their own needs. [170] In this way, Marks says, the Germans largely escaped paying for the war and instead shifted the costs onto American investors. [171]
After Germany was declared in default in January 1923, French and Belgian troops occupied the Ruhr. Germany responded with passive resistance to the occupation. The government printed money in order to pay the idled workers, which fuelled the hyperinflation that all but wrecked the German economy. [4]
As a result, the sum was split into different categories, of which Germany was only required to pay 50 billion gold marks (US$12.5 billion); this being the genuine assessment of the commission on what Germany could pay, and allowed the Allied powers to save face with the public by presenting a higher figure. Furthermore, payments made between ...
"The Food Supply of Germany During the War," Journal of the Royal Statistical Society (1920) 83#2 pp. 225–254 in JSTOR; Tobin, Elizabeth H. "War and the Working Class: The Case of Düsseldorf 1914–1918," Central European History (1985) 18#3 pp 4+ Vincent, Charles Paul. The Politics of Hunger: The Allied Blockade of Germany, 1915–1919 (1985)
When Germany stopped making payments in 1932 after the agreement reached at the Lausanne Conference failed to be ratified, [12] Germany had paid only a part of the sum. This still left Germany with debts it had incurred in order to finance the reparations, and these were revised by the Agreement on German External Debts in 1953. After another ...
Usborne, Cornelie. "Pregnancy Is a Woman's Active Service," in The Upheaval of War: Family, Work, and Welfare in Europe, 1914–1918 edited by Richard Wall and Jay M. Winter, (Cambridge University Press, 1988), pp. 289–416. Verhey, Jeffrey. The Spirit of 1914: Militarism, Myth, and Mobilization in Germany (2006) excerpt; Welch, David.
The text of the 11 November armistice include a commitment from Germany to pay "reparation for damage done" to the Allied countries. [14] On 18 January 1919 the Paris Peace Conference began. The conference aimed to establish peace between the war's belligerents and to establish the post-war world.
The act awarded veterans additional pay in various forms, with only limited payments available in the short term. The value of each veteran's "credit" was based on each recipient's service in the United States Armed Forces between April 5, 1917, and July 1, 1919, with $1.00 awarded for each day served in the United States and $1.25 for each day served abroad.