WORLD HISTORY

Detailed explanation-1: -Germany’s default brought the occupation of the Ruhr in 1923 by French and Belgian troops in order to collect reparations by force. Dispossessed of this important area, Germany was unable to make payments and each attempt to convert marks into foreign currency drove down their value.

Detailed explanation-2: -In November 1922 Germany defaulted on its reparations payment as scheduled. The first reparations payment had taken all she could afford to pay.

Detailed explanation-3: -When Germany defaulted on a payment in January 1923, France and Belgium occupied the Ruhr in an effort to force payment. Instead, they met a government-backed campaign of passive resistance. Inflation in Germany, which had begun to accelerate in 1922, spiraled into hyperinflation.

Detailed explanation-4: -Germany is finally paying off World War I reparations, with the last 70 million euro (£60m) payment drawing the debt to a close. Interest on loans taken out to the pay the debt will be settled on Sunday, the 20th anniversary of German reunification.

Detailed explanation-5: -Germany started making reparations payments to Holocaust survivors back in the 1950s, and continues making payments today. Some 400, 000 Jews who survived the Nazis were still alive in 2019. That year, Germany paid $564 million to the Claims Conference, which handles the payments.