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The war is now OFFICIALLY over!

Old 09-30-10, 09:32 PM
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The war is now OFFICIALLY over!

First World War officially ends

The First World War will officially end on Sunday, 92 years after the guns fell silent, when Germany pays off the last chunk of reparations imposed on it by the Allies.

The final payment of 59.5 million, writes off the crippling debt that was the price for one world war and laid the foundations for another.

Germany was forced to pay the reparations at the Treaty of Versailles in 1919 as compensation to the war-ravaged nations of Belgium and France and to pay the Allies some of the costs of waging what was then the bloodiest conflict in history, leaving nearly ten million soldiers dead.

The initial sum agreed upon for war damages in 1919 was 226 billion Reichsmarks, a sum later reduced to 132 billion, 22 billion at the time.

The bill would have been settled much earlier had Adolf Hitler not reneged on reparations during his reign.

Hatred of the settlement agreed at Versailles, which crippled Germany as it tried to shape itself into a democracy following armistice, was of significant importance in propelling the Nazis to power.

"On Sunday the last bill is due and the First World War finally, financially at least, terminates for Germany," said Bild, the country's biggest selling newspaper.

Most of the money goes to private individuals, pension funds and corporations holding debenture bonds as agreed under the Treaty of Versailles, where Germany was made to sign the 'war guilt' clause, accepting blame for the war.

France, which had been ravaged by the war, pushed hardest for the steepest possible fiscal punishment for Germany.

The principal representative of the British Treasury at the Paris Peace Conference, John Maynard Keynes, resigned in June 1919 in protest at the scale of the demands.

"Germany will not be able to formulate correct policy if it cannot finance itself,' he warned.

When the Wall Street Crash came in 1929, the Weimar Republic spiralled into debt. Four years later, Hitler was elected Chancellor of Germany.
http://www.telegraph.co.uk/news/worl...ally-ends.html

Welcome home to our returning troops!
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Old 09-30-10, 09:35 PM
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Re: The war is now OFFICIALLY over!

hey, a lot can happen between now and Sunday.
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Old 09-30-10, 10:04 PM
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Re: The war is now OFFICIALLY over!

Another victory for The Obama Administration
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Old 09-30-10, 10:56 PM
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Re: The war is now OFFICIALLY over!

I can't wait for WWII to end.

Too many lives......
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Old 09-30-10, 11:57 PM
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Re: The war is now OFFICIALLY over!

10 million dead. That's amazingly horrific.
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Old 10-01-10, 12:48 PM
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Re: The war is now OFFICIALLY over!

Yeah, consider that the big countdown for Iraq was initially 1,000. That was only our troops, but still, when you consider what 10 million is, that's...it blows me away.
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Old 10-01-10, 02:35 PM
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Re: The war is now OFFICIALLY over!

Originally Posted by Lemmy View Post
No shit!

Imagine if there were a war today that killed 10 million, or even 5 million....someone, somewhere, would "push the button" for that, I think.
not at 5 million, but the 2nd Congo war killed close: 4 million

http://en.wikipedia.org/wiki/Second_Congo_War
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Old 10-01-10, 02:36 PM
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Re: The war is now OFFICIALLY over!

oh at ww2 had 60 million dead!
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Old 10-01-10, 03:03 PM
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Re: The war is now OFFICIALLY over!

Originally Posted by Venusian View Post
oh at ww2 had 60 million dead!
And more than 1/3 of those were Russian!
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Old 10-01-10, 05:26 PM
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Re: The war is now OFFICIALLY over!

Originally Posted by Kmical View Post
And more than 1/3 of those were Russian!
60 mil is insane. Poland had the highest % of theres dead i think in the 80s/90s.
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Old 10-01-10, 05:29 PM
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Re: The war is now OFFICIALLY over!

And a good portion of the Russian dead were killed by Russians.
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Old 10-01-10, 05:46 PM
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Re: The war is now OFFICIALLY over!

Originally Posted by FRwL View Post
60 mil is insane. Poland had the highest % of theres dead i think in the 80s/90s.
Poland had a pre-war population of ~35 million. They suffered an estimated 240,000 military deaths, around 2.5 million civilian deaths, and another 3 millions deaths attributed to the Holocaust. Losses as a percentage of population: around 16%.

Originally Posted by arminius View Post
And a good portion of the Russian dead were killed by Russians.
Yes. Russia suffered 8-10 million military deaths (wow!), with another 12-14 million civilian deaths. Losses as a percentage of population: around 14%.
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Old 10-01-10, 06:27 PM
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Re: The war is now OFFICIALLY over!

So, how long til WW2 is over?
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Old 10-01-10, 06:48 PM
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Re: The war is now OFFICIALLY over!

Originally Posted by NORML54601 View Post
So, how long til WW2 is over?
It's over. The Allies didn't impose war debt on the losers in WWII.
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Old 10-02-10, 12:25 AM
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Re: The war is now OFFICIALLY over!

The principal representative of the British Treasury at the Paris Peace Conference, John Maynard Keynes, resigned in June 1919 in protest at the scale of the demands.

"Germany will not be able to formulate correct policy if it cannot finance itself,' he warned.

When the Wall Street Crash came in 1929, the Weimar Republic spiralled into debt. Four years later, Hitler was elected Chancellor of Germany.
See, this is what happens when you follow Keynesian economics. He obviously did not want the government to pay back any debt!
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Old 10-02-10, 09:08 AM
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Re: The war is now OFFICIALLY over!

Originally Posted by Mabuse View Post
It's over. The Allies didn't impose war debt on the losers in WWII.
No war debt but they took anything and everything they could dismantle and carry off, including scientists. But then with the Marshall plan Germany was able to rebuild their economy resulting int the Wirtschaftswunder. And over 60 years later still no WWIII.
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Old 10-02-10, 02:31 PM
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Re: The war is now OFFICIALLY over!

Who have they been paying reparations to?
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