How much reparations did the Germans have to pay?

The Treaty of Versailles (signed in 1919) and the 1921 London Schedule of Payments required Germany to pay 132 billion gold marks (US$33 billion [all values are contemporary, unless otherwise stated]) in reparations to cover civilian damage caused during the war.

Did West Germany have to pay reparations after ww2?

After World War II both West Germany and East Germany were obliged to pay war reparations to the Allied governments, according to the Potsdam Conference. First provisionally but later finally, Germany ceded a quarter of its territory as defined by its 1937 borders to Poland and the Soviet Union.

Did Japan pay reparations for ww2?

The only Allied country who won but paid compensation was the USA, to Japan. In 1988, under the Civil Liberties Act, U.S. President, Ronald Reagan, apologized to the Japanese-Americans interned in camps during World War II and agreed to pay $20,000 to each surviving former detainee.

Why did Germany have to pay reparations after World War 2?

In the case of Poland ceded German territories were in fact compensation for the loss of the Eastern provinces of Poland to the Soviet Union. After World War II, both West Germany and East Germany were obliged to pay war reparations to the Allied governments, according to the Potsdam Conference.

How much did Bulgaria pay in reparations for World War 1?

Therefore, the treaty required Bulgaria to pay a sum equivalent of 2.250 billion Gold francs in reparations.

Who was required to pay compensation after World War 2?

After World War II, a number of treaties were signed to make sure countries like Greece, Israel, and the Soviet Union were compensated for the destruction caused. Those who lost the war were therefore required to pay the victors. The only Allied country who won but paid compensation was the USA, to Japan.

What was the consensus on World War 1 reparations?

Despite Keynes’ arguments and those by later historians supporting or reinforcing Keynes’ views, the consensus of contemporary historians is that reparations were not as intolerable as the Germans or Keynes had suggested and were within Germany’s capacity to pay had there been the political will to do so.