History of Europe

What was Germany forced to pay the allied countries after ww1?

The reparations Germany was forced to pay the Allied countries after World War I were determined by the Treaty of Versailles. The reparations were to be paid over a period of 30 years. The total amount was 132 billion gold marks, which was equivalent to about 33 billion US dollars at the time.

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.