The reparations were paid in various forms such as cash, goods, and services. Germany had to make annual payments of 2 billion gold marks, and an additional 26% of the value of German exports.
The reparations caused a great deal of economic hardship in Germany and contributed to the hyperinflation of the 1920s. The Young Plan of 1929 reduced the amount of reparations that Germany had to pay, and the Lausanne Conference of 1932 effectively ended the reparations payments.