Pay until 1988

Five years after ‘Dawes’ 1924, another American financier joined the British, alongside the Entente partner, in managing their designs that made up the lion's share of the Treaty and 'League of Versailles'. According to Owen D. Young's follow-up to the expiring Dawes Plan, the German democracy were to pay huge indemnities until 1988.(1)

In 2010, I spent holidays in Norway. The national newspaper reported that Germany had just transferred the final part of WWI indemnities. It did not come as a surprise that this historical peculiarity was highlighted on newspaper pages throughout the continent, which I found out over the years. It cost the Germans the full time of three generations in order to fulfil the 1919 diktat's financial claims.



Footnotes
1.  Volker Ullrich, Schicksalsstunden einer Demokratie. Das aufhaltsame Scheitern der Weimarer Republik, Munich 2024, p. 165.