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: -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.

Detailed explanation-3: -The precise figure Germany paid is a matter of dispute. The German Government estimated it had paid the equivalent of 67.8 billion gold marks in reparations.

Detailed explanation-4: -But most embarrassing of all was the punitive peace treaty Germany had been forced to sign. The Treaty of Versailles didn’t just blame Germany for the war-it demanded financial restitution for the whole thing, to the tune of 132 billion gold marks, or more than $500 billion today.

Detailed explanation-5: -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-6: -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.