WORLD HISTORY

Detailed explanation-1: -War reparations are compensation payments made after a war by one side to the other. They are intended to cover damage or injury inflicted during a war.

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: -What are war reparations? At the end of a war, countries are required to make payments as a way of making up for the damage inflicted. This was the case at the end of World Wars I and II. The debt can be paid back for many reasons, including machinery damage, and forced labor.

Detailed explanation-4: -Reparation refers to the process and result of remedying the damage or harm caused by an unlawful act. The purpose of reparation is generally understood to reestablish the situation that existed before the harm occurred.

Detailed explanation-5: -In total, the Allies took about $413 million worth of reparations (both in money and in goods) from their occupation zones. In 1952, the London Agreement on German External Debts assessed the final reparation figure at $3 billion. Germany has yet to pay off its debts for World War II.