THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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*Low reparations *obtained prime industrial land and resources *imposed by the Treaty of Versailles
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*High reparations *loss of some of its prime industrial land and resources *imposed by the Treaty of Tordesillas
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*High reparations *loss of some of its prime industrial land and resources *imposed by the Treaty of Versailles
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*High reparations *loss of some of its prime industrial land and resources *imposed by the Treaty of Paris
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Detailed explanation-1: -Allied victors took a punitive approach to Germany at the end of World War I. Intense negotiation resulted in the Treaty of Versailles’ “war guilt clause, ” which identified Germany as the sole responsible party for the war and forced it to pay reparations.
Detailed explanation-2: -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.
Detailed explanation-3: -The Treaty of Versailles caused furious reactions in Germany. Germany had to pay huge sums of money to the countries it had fought in compensation for the damage. In addition, France, England, and the United States wanted to prevent Germany from becoming strong enough to start a new war.
Detailed explanation-4: -West Germany paid reparations to Israel for confiscated Jewish property under Nuremberg laws, forced labour and persecution. Payments to Israel until 1987 amounted to about 14 billion dollars, equivalent to $36.5 billion in 2022.