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The Problem of German Reparations after the First World War
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The problem of war reparations (compensations) was a key issue in Germany’s relations with the winning countries. On 5 May 1921 the Reparations Commission established the overall sum of reparations at 132 billion gold marks (31,5 billion dollars). This sum included the natural resources and currency already previously charged from Germany. In 1923 because of arrears in the payments French and Belgian troops occupied the Ruhr region. The crisis was overcome on 30 August 1924 when the Dawes plan was accepted. It stabilized German economy (by means of American and international credits) and regulated the issue of payments for the next five years. On 12 March 1930 another plan of reparations payment was adopted (the Young plan), but worldwide economic crisis prevented its implementation. On 9 July an agreement that terminated the problem of reparations was concluded in Lausanne.
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121-138
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