reparations issue

Cards (3)

  • from 1924-1950, germany received 135 long term loans, totalling over $1500 million in short term loans, massively reducing the burden but only temporarily, as reparations were permanent
  • reparations had to be paid in the form of gold or foreign currency or payments in kind as a last resort, meaning inflation did not reduce the burden . france received 50% of total reparations
  • from 1924-1931, foreign loans exceeded reparations, meaning the german economy could begin to recover