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Under the Dutch-German treaty made in The Hague on 8 April 1960, West Germany agreed to pay to The Netherlands the sum of 280 million German marks in compensation for the return. [12] [13] Belgium and Luxembourg also sought to annex German territory as reparations for WWII. However, only small areas were occupied and then returned after German ...
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).
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.
The reparations were paid directly to the headquarters of the Israeli purchase delegation in Cologne, which received the money from the German government in annual installments. The delegation then bought goods and shipped them to Israel, receiving its orders from a Tel Aviv -based company that had been set up to decide what to purchase and for ...
In the years following World War II, large numbers of German civilians and captured soldiers were forced into labor by the Allied forces. The topic of using Germans as forced labor for reparations was first broached at the Tehran conference in 1943, where Soviet dictator Joseph Stalin demanded 4,000,000 German workers. [1] [better source needed]
Rather, loans were taken out, placing Germany in an economically precarious position as more money entered circulation, destroying the link between paper money and the gold reserve that had been maintained before the war. With its defeat, Germany could not impose reparations and pay off her war debts now, which were now colossal. [116]
Each month, a dozen Louisiana residents get $1,000 in guaranteed income, thanks in part to a $1m donation by Deacon Leroy “Buck” Close and Gracie Close of South Carolina, descendants of a ...
In the agreement of July 11, 1959, between the Grand Duchy of Luxembourg and the penitent [1] Federal Republic of Germany, [1] Luxembourg conclusively renounced its claim to the area of the Kammerwald and returned the territory to the Federal Republic of Germany, which in return paid 58.3 million DM to the Grand Duchy of Luxembourg.