Search results
Results From The WOW.Com Content Network
After World War II ended, the main four Allied powers – Great Britain, The United States, France, and the Soviet Union – jointly occupied Germany, with the Allied occupation officially ending in the 1950s. During this time, Germany was held accountable for the Allied occupation's expenses, amounting to over several billion dollars. [21]
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 ...
[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]
The treaty required Germany to disarm, make territorial concessions, extradite alleged war criminals, agree to Kaiser Wilhelm being put on trial, recognise the independence of states whose territory had previously been part of the German Empire, and pay reparations to the Entente powers. The most critical and controversial provision in the ...
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.
(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:
With its defeat, Germany could not impose reparations and pay off her war debts now, which were now colossal. [ 116 ] Historian Niall Ferguson partially supports this analysis: had reparations not been imposed, Germany would still have had significant problems caused by the need to pay war debts and the demands of voters for more social ...
The history of Germany from 1945 to 1990 comprises the period following World War II. The period began with the Berlin Declaration , marking the abolition of the German Reich and Allied-occupied period in Germany on 5 June 1945, and ended with the German reunification on 3 October 1990.