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Reparations
History of Germany

              


1918
Ebert, Friedrich
At the conclusion of World War I, Germany reluctantly agrees to pay unspecified reparations in the armistice agreement of November 1918
1919
Erzberger, Mathias
28th June Versailles At Versailles Germany sign a treaty that assigns full responsibility for causing the conflict (Article 231, the "war guilt clause") and calls for the creation of an international reparations commission to determine the amount due to the Allies
1921
Wirth, Karl Joseph
24th Jan Paris The Paris Conference fixes German war reparations
April Reparations payments are to be made in cash or by such in-kind commodities as steel and coal
April The reparations bill is tallied when the Reparations Commission determines that damages caused by Germany amount to $33 billion or 133 billion gold marks
27th April Allied Reparations Committee levels 33 billion war reparations debt onto Germany; commands the handing over of 26% of all exports for 42 years and puts the Germans immediately into 12 billion in arrears
5th May The London Ultimatum sets the total sum of the war indemnity at 132 billion marks
Sep An economic crisis grips Germany which causes runaway inflation and ends additional reparations installments
Sep An initial payment of $250 million reparations is made
1922
Cuno, Wilhelm Carl Josef
Allied governments grant Germany a temporary moratorium on reparations payments in the hope that their economy would recover and enable the resumption of regular installment payments, France bitterly opposes the moratorium
1922
Ebert, Friedrich
Oct France is willing to accept raw material instead of currency for German reparations
1922
Rathenau, Walter
Cannes Secures a reduction of reparation payments
1923
Cuno, Wilhelm Carl Josef
13th Jan Ruhr German Chancellor Cuno declares "passive resistance", strikes, riots and bloody clashes of the occupation troops with workers are common
1923
Marx, Wihelm
Jan Ruhr At the end of the reparations moratorium, Germany cannot resume payments and defaults, France, accompanied by a token Belgium force, marches into the Ruhr Valley and sets up a military occupation
1923
Stressman, Gustav
26th Sep New Chancellor Gustav Streseman ends the passive resistance during French occupation of the Ruhr
1924
Marx, Wihelm
River Rhine At the London Conference gets agreement for Allied withdrawal from the Rhineland
River Rhine The Dawes Plan, the US vice president helps to craft a plan for annual German installment payments, but avoids the more troublesome issue of the total amount owed
1928
Muller, Hermann
The Young Plan, a prominent US financier works to fashion a precise new German reparations formula to replace the Dawes Plan
1932
Papen, Franz von
9th July At the Conference in Lausanne reparations are fixed on a final sum of 3 billion Goldmarks, this gives a total of paid reparations of 53 Billion Goldmarks

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