may memories / 11

 NOTHING NEW UNDER THE SUN (ALMOST)

11th May, 1921 : With only a few hours to go before the expiry of the Allied ultimatum, the German Government has finally agreed to pay the war reparations. The issue had threatened to precipitate a crisis because of the vehement and well-known opposition by several Ministers from right-wing parties and their resignation would have brought down the Government. At the last minute their parties gave them special dispensation to stay. It was a pragmatic fudge because, although the reparations deal, which included disarmament and the trial of war criminals, was very unpopular with the German people, there was never any realistic hope of resisting it. Failure to agree would simply have meant an Allied occupation.

About Avadoro Worden

Iconoclast
This entry was posted in Finance and Economics, History and tagged , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>