Karl Joseph Wirth24 January 1921
The Paris Conference fixes German war reparations
Germany · Government / Weimar Republic. Chronological records rendered directly from the World History Database.
The Paris Conference fixes German war reparations
Allied Reparations Committee levels 33 billion war reparations debt onto Germany; commands the handing over of 26% of all exports for 42 years and puts the Germans immediately into 12 billion in arrears
The reparations bill is tallied when the Reparations Commission determines that damages caused by Germany amount to $33 billion or 133 billion gold marks. Reparations payments are to be made in cash or by such in-kind commodities as steel and coal
The London Ultimatum sets the total sum of the war indemnity at 132 billion marks
An initial payment of $250 million reparations is made. An economic crisis grips Germany which causes runaway inflation and ends additional reparations installments
German Chancellor Cuno declares "passive resistance", strikes, riots and bloody clashes of the occupation troops with workers are common
At the end of the reparations moratorium, Germany cannot resume payments and defaults, France, accompanied by a token Belgian force, marches into the Ruhr Valley and sets up a military occupation
New Chancellor Gustav Streseman ends the passive resistance during French occupation of the Ruhr
The Dawes Plan, the US vice president helps to craft a plan for annual German installment payments, but avoids the more troublesome issue of the total amount owed. At the London Conference gets agreement for Allied withdrawal from the Rhineland
The Young Plan, a prominent US financier works to fashion a precise new German reparations formula to replace the Dawes Plan
At the Conference in Lausanne reparations are fixed on a final sum of 3 billion Goldmarks, this gives a total of paid reparations of 53 Billion Goldmarks
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