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What was the Lausanne Conference (1932)?

Introduction The Lausanne Conference was a 1932 meeting of representatives from the United Kingdom, Germany, and France that resulted in an agreement to suspend World War I reparations payments imposed on Germany by the Treaty of Versailles. Refer to Dawes Plan (1924). Background Held from 16 June to 09 July 1932, it was named for… Read More

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What was the Young Plan (1929)?

Introduction The Young Plan was a programme for settling Germany’s World War I reparations. It was written in August 1929 and formally adopted in 1930. It was presented by the committee headed (1929-1930) by American industrialist Owen D. Young, founder and former chairman of Radio Corporation of America (RCA), who, at the time, was a… Read More

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An Overview of World War I Reparations

Introduction Following the ratification of article 231 of the Treaty of Versailles at the conclusion of World War I, the Central Powers were made to give war reparations to the Allied Powers. Each of the defeated powers was required to make payments in either cash or kind. Because of the financial situation in Austria, Hungary,… Read More

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An Overview of World War II Reparations

Introduction 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. Other Axis nations were obliged to pay war reparations according to the Paris Peace Treaties (1947). Austria was not included in any of these treaties. Payments According to the… Read More