After Agreement In German


In total, 16 billion marks of debts of the Treaty of Versailles were negotiated after the First World War, which had not been paid in the 1930s[4], but which Germany wanted to repay to restore its prestige. This money was owed to public and private banks in the United States, France and the United Kingdom. An additional 16 billion marks represented post-war loans from the United States [4]. According to several commentators, the pre-war debt totalled 16.1 billion marks, while the post-war debt was estimated at 16.2 billion marks. Under the London agreement, the repayable amount was reduced by 50% to around DM 15 billion and was spread over 30 years and had a small impact compared to the rapid growth of the German economy.

Posted Wednesday, September 8th, 2021 at 9:05 pm
Filed Under Category: Uncategorized
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