What do you think?

Why has Germany taken so long to pay off its WWI

debt?

Give your opinion about this and account for it.

Germany

This entry was posted in Senior II History 2011. Bookmark the permalink.

13 Responses to What do you think?

  1. Manuel Van Peborgh says:

    I pretty much think that Germany took so long because of all the debts it had to pay plus Germany needed to pay their own reparations, so thats were hyperinflation entered the room

  2. Pedro Nardi says:

    I think Germany took so long to pay off its WWI debt because the winners of the war blamed Germany for starting it and she had to pay a high price for beginning the war. Impossible reparations left Germany devastated. National income was one third of what it had been before the war, industrial production was about two thirds of what it was during 1913, all this without including other impacts of the war on Germany.
    The French invaded de Ruhr to steal goods from there because Germany could not pay them the money they had to pay that year. To pay their debt the government started to print money. With so much money on circulation wages and prices rocketed but that money was worthless. Suddenly people who had their savings in a bank realized that with all the money they had saved they could not buy the house they wanted but they would have to spend it on one loaf of bread.
    Another fact that slowed the paying of the debt was that Germany asked America for loans, and they gave lent them money, but with the Wall Street Crash Germany had to pay back those loans.

  3. Luca says:

    I think that Germany took so long to pay the debt because they had others priorities rather than paying money to foreign countries, for example, stabilizing its own economy so that later on it would be much more easier to pay the debts

  4. Francisco Vazquez Avila says:

    Germany took so long because of 2 reasons: 1) Because they had a really low income and the money the earned from industries they needed to build-up the country. 2) Because of the Treaty of Versailles: Germany hated the treaty and every single point of in the Treaty so bought time to not pay reparations.

  5. Nacho Salaverri says:

    Pato, i think that Germany took so long to pay the reparations debt because they did not have a strong income. they could not export because their industries were devastated and when everything started to rebuilt itself with loans and negotiations, the depression came, and after this the WWII. so, after so many problems Germany was devastated and it had to recover their industries, exports, imports, pay off the loans and after this they could pay the reparations. a huge help was that the reparations had been renegotiated.

  6. cande del carril says:

    In my opinion germany took so long to pay reparations, because firstly they didnt agree with the treaty, also they were devastated because of the war, and when they were recovering with the USA loans, they had to give the money back. Moreover, Germany had a lot of problems inside they had to solve them soon.

  7. catalina says:

    I believe that Germany took so long to pay because she was also very affected by the war and the league of nations asked them to pay lots of ammount of money, that germany didint have and needed to recover from the war.
    and the German people thought it was unfair because of this they NEEDED the money so they couldn’t give it because if not they would be even worse that they were before.
    catalina 🙂

  8. malena di bella says:

    I WON’T make an essay! hahahahaha.
    In my opinion, Pato, Germany took so long to pay de debts of reparations because, first of all, she didn’t had money, because although Germany wasn’t the country most devastated, the country was really ruined and destroyed and if they didn’t had money for themselves and to recover they wouldn’t even pay for others countries reparations. Secondly, they took THAT long to pay the money because they were really surprised and shocked to hear the terms of the Treaty and having to accept the punishments, so maybe, as they were really angry with France, Britain and USA, they took longer to pay, like to make them suffer too.

  9. pchujman says:

    of course not.

  10. lucas demaria says:

    this is not an essay

    In the first place, Germany was one of the countries that lost the WWI. in addition, the Allies mede germany sign the treaty of versailles. Which obliged Germany to accept the blame for starting the war and therefore pay the reparations to the Allies and its own.
    The figure of the reparations to the allies was 6600 million pounds. In 1921 Gremany paid to the Allies the reparations. But, in 19122 it didn`t. The Weimar government did it`s best to get consessions from the Allies. But France had its own debts to pay, and ran out of patience. It entered the Ruhr (quite legally under the treaty of versailles) to take goods and raw materials. The german government ordered the workers to carry out passive resistance (go on strike). In that way, the french would have nothing to take away. However, this caused the fall in Germany`s currency.
    As germany had no goods to trade, the government just printed money, lots of money. This may have looked like an attractive solution at the moment because it allowed the government and businessmen to pay all of its debts. But with so much money in circulation money lost its value and prices rocketed.
    In conclusion, i can say that Germany took so long to pay its WWI debts because it had many economic problems.

  11. Germany was devastated economically after the war, its income had decreased and its industries weren’t producing as much as before the WW1. Also a lot of money was spent during the war in weapons, clothes, etc and after it the Allies (by the Treaty) obliged Germany to pay them money, but she didn’t had money for their own needs. After Stressemann took presidency things started improving but when it seemed Germany could pay reparations the Wall Street Crash occured, leaving Germany to misery again.

  12. Diogenes Dietrich says:

    This is NOT an essay.

    First of all, Germany was one of the countries that lost the First World War. It was not an easy task to recover from its problems. Also, its president, Friedrich Ebert, had to accept the terms of the Treaty of Versailles; that made Germany had several problems. For example, one of the conditions of the Treaty was that Germany had to accept the blame for starting the war and therefore should pay reparations. The Treaty of Versailles destabilised Germany politically, but Germans also blamed it for another problem – economic chaos.
    The Treaty forced Germany to pay reparations to the Allies; the figure was 6600 million pounds. In 1921 the first instalment was paid, but in 1922 nothing was paid. Ebert did what he could to negotiate concessions from the Allies. However, France, one of the victorious countries of WWI, also had its own economic problems and debts to pay. In 1923 French and Belgian troops entered the Ruhr, quite legally under the Treaty of Versailles, to take raw materials and goods. Then, the government ordered the workers to carry out a passive resistance; that way, there would be nothing for the invadors to take away. Nevertheless, the halt in industrial production in Germany’s most important region caused the collapse of the German currency.
    Another reason was that Germany had no goods to trade. An attractive solution for the government was simply to print money to pay all of its debts. The great industrialists were also able to pay off all their debts. However, the Germans soon realsied that this money was worthless, because, as there was so much money in circulation, prices and wages rocketed. This problem was called the hyperinflation crisis.
    In conclusion, I can say that Germany had taken so long to pay off its World War I debt because it had lots of internal problems, either social and economic. Also, I took into account that Germany had just lost the First World War, so that made it even more difficult to recover from all of its problems.

  13. Gitika says:

    I believe that Germany took so long to pay her debts because it was a very huge amount of money and the Treaty of Versailles was far away to harsh. It was a lot of money, they had lost a lot of industries, colonies, their empire was destructes, they had no army. The Treaty made the germans bitter, but what was worse, was germany s current situation. Germany after the war was devastated, there was a lot of unemployement, the government was not stable enough to manage a bitter country that suffered of different problems like unemployement, diseases, many germans had died, the national income was down, the kaiser was gone.
    What made it more difficult for germans was that they had to accept they were guilty when they didn’t agree on being the ones who caused tha war, that’s partly true. They didn’t even have the chance to discuss the terms of the treaty of versailles, and german people did not understand why they had lost the war and why did they have to pay so much money.
    Germany was in big trouble, and when she had signed the dawes plan and maybe was starting to recover from the war, with the wallstreet crash it was under big problems again and german people were more angry than ever.

    Gitika

Leave a Reply

Your email address will not be published.