WORLD HISTORY

Detailed explanation-1: -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-2: -After World War II, according to the Potsdam conference held between July 17 and August 2, 1945, Germany was to pay the Allies US$23 billion mainly in machinery and manufacturing plants.

Detailed explanation-3: -On Oct. 3, 2010, Germany finally paid off all its debt from World War One. The total? About 269 billion marks, or around 96, 000 tons of gold.

Detailed explanation-4: -The Treaty of Versailles Punished Defeated Germany With These Provisions. Some disarmed the German military, while others stripped the defeated nation of territory, population and economic resources, and forced it to admit responsibility for the war and agree to pay reparations.

Detailed explanation-5: -After four disastrous years Germany had lost the war. Under the Treaty of Versailles it was forced to make a reparations payment in gold-backed Marks, and it was due to lose part of the production of the Ruhr and of the province of Upper Silesia. The Weimar Republic was politically fragile.