War REparations
- Too high
- 55 billion
- Cant pay interest
- Amount of reparation changed in 1929
Interesting Fact
It took Germany 92 years to pay off the reparations from World War 1.
Quote
"But how do you put a price on war? Is it the property value of destroyed buildings? Rounds of ammunition shot? The cost in human life? It took two years for the international Reparations Commission to assess damages in relation to Germany's national wealth — after all, the payment plan needed to be affordable — and decide how much the government owed. The first reparation demands were 266 gold marks, which amounted to roughly $63 billion then (close to $768 billion today), although this was later reduced to $33 billion (about $402 billion today)."
-Claire Suddath
-Claire Suddath
Subjunctive Question
What would have been different if Germany was not made to pay off their damaged from the war?
Summary
Germany was made to pay $55 Billion dollars as a result of starting the war. When Germnay ran into such deep debt that they couldnt even pay off the intrests rates, their resources started being taken from them.