WORLD HISTORY

Detailed explanation-1: -Over the next four years, U.S. banks continued to lend Germany enough money to enable it to meet its reparation payments to countries such as France and the United Kingdom. These countries, in turn, used their reparation payments from Germany to service their war debts to the United States.

Detailed explanation-2: -The Treaty of Versailles, signed on June 28, 1919, officially brought the war to an end. Article 231 of the treaty, called the War Guilt Clause, charged Germany with complete responsibility for starting World War I. As a result, the country was responsible for paying all damages suffered by the Allies.

Detailed explanation-3: -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-4: -The Marshall Plan, also known as the European Recovery Program, was a U.S. program providing aid to Western Europe following the devastation of World War II. It was enacted in 1948 and provided more than $15 billion to help finance rebuilding efforts on the continent. The brainchild of U.S. Secretary of State George C.

Detailed explanation-5: -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-6: -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. Dismantling in the west stopped in 1950. Reparations to the Soviet Union stopped in 1953.