World War One finally ends this weekend.

By
Real Estate Agent with Jameson Sotheby's International Realty

If you're like me, you probably thought that World War One (often shown as World War I, by those people who couldn't manage to spell the word "one").. was over a long time ago.

It actually ended in nineteen hundred and ... er..... sumthin'...yeah.. waaay back there.

But in fact, it didn't.

As part of the Treaty of Versailles, Germany agreed to pay reparations to the Allies as well as giving up territories to France, Belgium, Poland, and the Czechs.

This Sunday - coincidentally the 20th anniversary of East and West Germany unifying about a year after the Berlin Wall fell - Germany will make the last in a series of reparation payments that has spanned more than nine decades.

Their final payment
is approximately $93.8 million, according to London's Telegraph newspaper. That's right... $93.8 million dollars!!  Germany had to pay Belgium and France for material damages and the rest of the Allies the costs of fighting the war. (Did you know about this...?)

The purpose behind this was to help rebuild the damaged territories, as well as to cripple Germany, so that it wouldn't become warlike again.

France had been the most devastated by the war, and Clemenceau feared Germany might attack France again if it recovered, so he and other European leaders sought to stifle the nation's economic recovery, and in effect, its ability to rearm, the museum said. Restrictions were placed on its army and navy, and it was forbidden to have an air force.

Germany stopped reparations in 1931 because of the global financial crisis, and Hitler declined to resume them (surprise, surprise!) when he took the nation's helm in 1933.

After reaching an accord in London in 1953, West Germany paid off the principal on its bonds but was allowed to wait until Germany unified to pay about 125 million euros ($171 million) in interest it accrued on its foreign debt between 1945 and 1952, the magazine said.

In 1990, Germany began paying off that interest in annual installments, the last of which will be distributed Sunday.  So the last chapter, in World War I will be finally written on Sunday.

Ain't that grand?

Posted by

 ALAN MAY, Realtor®   
Specializing in Evanston Real Estate and North Shore Real Estate

Coldwell Banker Residential Real Estate, 1710 Central Street, Evanston, IL 60201
847.425.3779      Cell: 847.924.3313      Email: Almay@aol.com

Evanston Real Estate & North Shore Real Estate
Licensed in Illinois

   

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  1. Jon Quist 10/07/2010 01:26 PM
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Rainmaker
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Graziella Bruner
NCS Premier Real Estate - Detroit, MI
Associate Broker - Serving Wayne & Oakland County

WOW, Great Blog, thanks for the History Update.  It's always good to learn something new every day.

 

Sep 30, 2010 02:54 PM #1
Rainer
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Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Alan ~ What a wonderful history lesson!  Quite interesting; thank you, really!

Sep 30, 2010 03:06 PM #2
Rainmaker
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Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

This is very interesting.  I am glad we have a history buff in our AR family.  I had no idea.

Sep 30, 2010 03:06 PM #3
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Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Never heard of that!  Okay, learned something new today, now I can go to sleep!

Sep 30, 2010 03:48 PM #4
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Kathy Streib
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Alan- and that's why I love ActiveRain... where else could I have learned this. Seriously, I think for many we don't begin to appreciate history and its lessons until we're older.  This was interesting. 

Sep 30, 2010 03:53 PM #5
Rainer
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Jack Mossman - The Nines Team at Keller Williams in Stockton
The Nines Team At Keller Williams - Stockton, CA
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So Alan, as part of the Allies, did or will we get any of this payoff .... (poor choice of words)  .... reparation?  If so, what do we do with it?  And if not, why not?   Thanks Alanopedia!

Sep 30, 2010 05:24 PM #6
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
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I had never known this.  It's a side of history I would have never seen.  At least someone isn't having trouble paying back their debts.

Sep 30, 2010 09:20 PM #7
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Alan May
Jameson Sotheby's International Realty - Evanston, IL
Helping you find your way home.

Graziella - you just got another wrinkle - in your brain.

Tish - I figured if I hadn't heard about it... it was possible others handn't either.

Joan - I thought so, too.

Liz & Bill - it was news to me, too.

Kathy - youth is wasted on the young.

Jack - yes, the U.S. as part of the allies will receive (and has been receiving) a portion of the repairations. (I don't know how much).

Chris - yeah... it only took almost a hundred years.

Oct 01, 2010 01:37 AM #8
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Karen Fiddler, Broker/Owner
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I hope our boys are coming home soon.....oh wait, never mind. But I'm relieved that we can finally get rid of our WWI blackout shades now.

Oct 01, 2010 05:18 AM #10
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Alan May
Jameson Sotheby's International Realty - Evanston, IL
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David - I thought this was intriguing as well.

Karen - maybe now I can cash in my war bonds?

Oct 01, 2010 06:18 AM #11
Rainmaker
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Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
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On NPR the other morning, I heard Germany paid off their WW1 reparations - but not in as much detail as you provided.  Thanks for the details.

Mel

Oct 01, 2010 07:00 AM #12
Rainmaker
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Russell Lewis
Realty Austin, Austin Texas Real Estate - Austin, TX
Broker,CLHMS,GRI

Alan, I love this bit of history. An interesting thing to note is that hostilities actually ended at 11:00 11/11/1918. There is a very interesting book an the subject that you might really enjoy!

Oct 01, 2010 07:50 AM #13
Rainmaker
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James Quarello
JRV Home Inspection Services, LLC - Wallingford, CT
Connecticut Home Inspector

I think it's many, many grands, 93,800 to be exact.

Oct 01, 2010 09:11 AM #14
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Alan May
Jameson Sotheby's International Realty - Evanston, IL
Helping you find your way home.

Mel - happy to be of service.

Russell - i love the numerology of it.

James - many, many, indeed.

Oct 01, 2010 09:42 AM #15
Rainmaker
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Russell Lewis
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Alan May
Jameson Sotheby's International Realty - Evanston, IL
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Russell - thank you.

Oct 01, 2010 05:48 PM #17
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Larry Story
Total Care Realty - Greensboro, NC
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Extremely interesting.  I never would have thought that the payments were still going on.  

Oct 05, 2010 01:29 PM #18
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Alan May
Jameson Sotheby's International Realty - Evanston, IL
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larry - I was surprised, too.

Oct 05, 2010 01:50 PM #19
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Jon Quist
REALTY EXECUTIVES TUCSON ELITE - Tucson, AZ
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Good to find an interesting blog on a long since forgotten topic. I wonder how long it will take to pay off 10 years in Iraq?

Oct 07, 2010 01:24 PM #20
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Alan May
Jameson Sotheby's International Realty - Evanston, IL
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Jon - that's beyond my pay grade.

Oct 07, 2010 02:37 PM #21
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