3 ms·
It's my understanding that it's a myth that reparations led to the economic catastrophe in interwar Germany. What's more important is that Germany financed WW1
by pfdietz 2y ago
It's my understanding that it's a myth that reparations led to the economic catastrophe in interwar Germany. What's more important is that Germany financed WW1 by borrowing. (EDIT: being corrected below.)
- aleph_minus_one 2y ago> What's more important is that Germany financed WW1 by borrowing. In such a situation, the reparations are the straw that broke the camel's back, and lead to an economic catastrophe.
- manmal 2y agoReparations were in the same order of magnitude as debt. In the end, it was 100-120B marks in debt vs 121B reparations (after reductions). Hard to find definitive numbers on debt as there are only estimations out there. https://2001-2009.state.gov/r/pa/ho/time/id/100933.htm https://2001-2009.state.gov/r/pa/ho/time/id/100933.htm
- mantas 2y agoWilson policies were more about dealing with Europe after dissolution of Austrian, Russian and Ottoman empires.