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Not long after it was set up the Germans gained a moratorium on their reparations payments.
The reparations payments fall far short of the $360 million requested by the commission.
The weakening western European economy brought down a major bank in Vienna, and Germany defaulted on its reparations payments.
In 1932 a conference was held in Lausanne to liquidate reparations payments by Germany to the Allied powers.
He first served as chancellor from November 1923 until December 1924, during which time his government secured the acceptance of the Dawes Plan for war reparations payments.
Under his administration, Germany began a naval construction program and negotiated the Young Plan, which reduced the reparations payments stipulated by the Treaty of Versailles.
Similar(23)
Reparations, Payment in money or materials by a nation defeated in war.
Shashi Tharoor argued for a reparations payment of only £1 – a token acknowledgement of historical fact.
Next Tuesday, the Geneva-based commission awarding compensation to victims of Iraq's invasion of Kuwait in 1990 meets in an atmosphere of crisis because of attempts by France and Russia to block a reparations payment of $15.9 billion to the Kuwait Petroleum Corporation.
The reparation payments, which came in eight installments of $50 million each, were finally completed last week.
How would one even begin to arrive at a sum for the reparation payments?
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