Germany Makes Last Reparation Payment
World History

Germany Makes Last Reparation Payment


Wow! Germany made its last reparation payment from World War I in October 2010, according to Spiegel Online.

The Versailles Treaty originally called for a payment totaling 269,000 billion gold marks. That's about 96,000 tons of gold, according to Spiegel. That sum was reduced to "112 billion gold marks...payable over a period of 59 years."

The financial crisis of the early 1930's and Adolf Hitler led to a suspension of the payments but after the war in 1953, "West Germany agreed at an international conference in London to service its international bond obligations from before World War."

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