Which term is defined as payment for damages quizlet?

Which term is defined as payment for damages quizlet?

Terms in this set (28) Reparation. Payment for war damages.

Who paid reparations after ww1?

Germany
Allied victors took a punitive approach to Germany at the end of World War I. Intense negotiation resulted in the Treaty of Versailles’ “war guilt clause,” which identified Germany as the sole responsible party for the war and forced it to pay reparations.

Who did Germany pay reparations to ww1?

the United States
Overall. During the period of reparations, Germany received between 27 and 38 billion marks in loans. By 1931, German foreign debt stood at 21.514 billion marks; the main sources of aid were the United States, Britain, the Netherlands, and Switzerland.

What was the war guilt clause ww1?

May 7, 1919 Perhaps the most humiliating portion of the treaty for defeated Germany was Article 231, commonly known as the “War Guilt Clause,” which forced the German nation to accept complete responsibility for initiating World War I. Germany was required to make enormous reparation payments.

Which term is defined as payment for damages?

Compensatory damages are money awarded to a plaintiff to compensate for damages, injury, or another incurred loss. Compensatory damages are awarded in civil court cases where loss has occurred as a result of the negligence or unlawful conduct of another party.

What Treaty ended ww1?

the Treaty of Versailles
On June 28, 1919, the Treaty of Versailles was signed at the Palace of Versailles outside Paris, France. The treaty was one of several that officially ended five years of conflict known as the Great War—World War I.

Who were the reparations paid to?

The payments ran for a total of 122 years from 1825 to 1947, with the money going to more than 7,900 former slave owners and their descendants in France. By the time the payments ended, none of the originally enslaved or enslavers were still alive.

What are reparation payments?

reparations, a levy on a defeated country forcing it to pay some of the war costs of the winning countries. Reparations were levied on the Central Powers after World War I to compensate the Allies for some of their war costs.

How much damage did Germany cause in ww1?

In total, Germany was responsible for paying for over $60 billion in damages. Adjusting for inflation, it would be over $760 billion today. Germany’s first reparations payment was due in August of 1921, but the country had one little problem. It didn’t have nearly enough money to make the first payment.

Is Germany still paying reparations for ww1?

Germany is finally paying off World War I reparations, with the last 70 million euro (£60m) payment drawing the debt to a close. Interest on loans taken out to the pay the debt will be settled on Sunday, the 20th anniversary of German reunification.

Which word means payment for war damages?

‘Reparations’ is another word for the payment of war damages.