Reparations Essay Reparations Essay Loosely defined, reparations are something done or paid to compensate or make amends for a wrongdoing. More specifically, the term reparation refers to compensation given for loss, suffering, or damage suffered by an injured party. Reparations exist in different forms.
This was an astonishing amount by any measure.
The German delegates refused to accept this figure, quite understandably, forcing the commission to reconvene in London in March. By then, Germany was under considerable pressure to agree to a final reparations figure.
The reparations instalments were to be paid quarterly in gold or foreign exchange backed by gold, along with tradable commodities such as steel, raw iron or coal. Berlin was informed that any defaults on these payments would lead to the occupation of the industrial Ruhr region and the confiscation of raw materials and industrial equipment there.
Though this revised amount was less than two-thirds the figure first proposed, it remained well beyond the capacity of the war-ravaged German economy. In England, the noted economist John Maynard Keynes criticised the agreed figure, suggesting that the true amount of war damages had been exaggerated by the Allies, particularly France and Belgium.
Forcing Germany to pay the full amount, Keynes argued, would not only devastate the German economy, it would have a detrimental impact on European trade and probably generate considerable political instability. Yet reparations were more than merely a contributory factor to the acceleration of inflation.
The connection between the reparations saga and the collapse of the mark is too strong to be coincidental. But even this placed enormous strains on the German economy, which had dwindling gold reserves, little foreign trade and was reliant on imported raw materials for its industries.
This was granted in Maydespite the opposition of the French government. In the value of the German Reichsmark collapsed; by late in the year it took almost 3, Reichsmarks to purchase one US dollar. Unable to import or buy foreign exchange, the German government found itself unable to meet its reparations obligations.
The French government, believing the German government was acting purposefully and dishonestly by withholding payments, began to agitate for punitive action. Germany was not the only European nation struggling to pay its wartime debts.
France was itself defaulting on instalments for its war debts, particularly those to its largest creditor, the United States. The post-war economic malaise and the issues of war debts and reparations remained divisive issues for much of the s.
The reparations figures were constantly being challenged and revised, most notably by the Dawes Plan and the Young Plan The defeated Germany agreed to pay war reparations, as determined at the Versailles conference. The French were the strongest advocates for a massive figure, hoping to keep Germany bankrupt and weak.
The German economy slumped inwith currency inflation, strikes and falling production. Unable to make further payments, the Germans saw French troops occupy the Ruhr industrial region.
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German Reparations and the Jewish World has become a standard reference work since it was first published. Based extensively on archival sourcesAuthor: Ronald W. Zweig. Learn essays history world war with free interactive flashcards.
Choose from different sets of essays history world war flashcards on Quizlet. May 14, · The Reparations to the Descendents of African American Slaves in the United States If the United States government were to support the reparations to the descendents of African American slaves it would be an admitting of their responsibility.
Germany resentfully signed the most famous treaty ever, Versailles. Although years of readjusting the treaty followed, this essay will focus mainly on the strengths and weaknesses of the articles in Treaty of Versailles Essay Sample.
This essay will be based on whether the Treaty of Versailles was fair upon Germany. The Treaty of Versailles was a peace settlement signed after World War 1 .