oly720man
Topic Author
Posts: 5761
Joined: Fri May 21, 2004 7:13 am

The First World War Is Now Over

Thu Oct 07, 2010 12:52 pm

It transpires that earlier in the week, Germany made its last payment on bonds issued to pay for reparations for the First World War, after various interruptions (the '30s, WW2 and the two Germanys), prompting some historians to say that the war is finally over.

http://www.csmonitor.com/World/Europ...eparations-ending-century-of-guilt

I never knew they were still paying, but then again I never knew that Britain was paying off loans for WW2 until quite recently.
wheat and dairy can screw up your brain
 
TheSonntag
Posts: 4328
Joined: Wed Jun 15, 2005 7:23 pm

RE: The First World War Is Now Over

Thu Oct 07, 2010 1:08 pm

Quoting oly720man (Thread starter):
I never knew they were still paying, but then again I never knew that Britain was paying off loans for WW2 until quite recently.

West Germany signed a treaty for German debts of WW1 and WW2 (and the other debts of the Third Reich) in the 1950s (Londoner Abkommen). This revised the Versaille treaty and other claims so that Germany got more favourable conditions.

After all this was a wise move, because Germany regained its reputation on the financial markets which were threatened by this unsolved solution.

The main reason that the "2 plus 4 treaty" from 1990, which in reality is a peace treaty, and which ended the german occupation once and for all, was not called a "peace treaty", was due to the fact that the London treaty of the 1950s would have been reviewed again.

The original Versaille treaty had some other conditions, according to it, Germany should have paid for reparations until the 1980s.
 
TheSonntag
Posts: 4328
Joined: Wed Jun 15, 2005 7:23 pm

RE: The First World War Is Now Over

Thu Oct 07, 2010 1:12 pm

See also

http://en.wikipedia.org/wiki/Agreement_on_German_External_Debts

The german Wikipedia Version of the article is much better though, if you speak german, you should read it!
 
waterpolodan
Posts: 1605
Joined: Sun Feb 13, 2005 3:46 pm

RE: The First World War Is Now Over

Thu Oct 07, 2010 1:54 pm

Interesting that this event take place possibly just before the last living combatant of that war, a British sailor living in Australia, passes away-
http://en.wikipedia.org/wiki/Claude_Choules
 
oly720man
Topic Author
Posts: 5761
Joined: Fri May 21, 2004 7:13 am

RE: The First World War Is Now Over

Thu Oct 07, 2010 4:59 pm

Quoting TheSonntag (Reply 2):
The german Wikipedia Version of the article is much better though, if you speak german, you should read it!

My German is rather rusty and basic, but I'll have a go when I've got some spare time.

Quoting TheSonntag (Reply 1):
The original Versaille treaty had some other conditions, according to it, Germany should have paid for reparations until the 1980s.

And your great grandchildren are picking up the tab. The money to be paid was a hell of a lot, and we need no reminding where that led.

I'm not sure how many people at the time appreciated the potential implications, but after the "war to end all wars" I expect the desire to make people pay overrode all other considerations.
wheat and dairy can screw up your brain
 
User avatar
falstaff
Posts: 5593
Joined: Sun Jun 25, 2006 6:17 am

RE: The First World War Is Now Over

Thu Oct 07, 2010 5:41 pm

Quoting oly720man (Thread starter):
Germany made its last payment on bonds issued to pay for reparations for the First World War

Who were they paying? Who held the bonds?
My mug slaketh over on Falstaff N503
 
MadameConcorde
Posts: 9222
Joined: Fri Feb 23, 2007 5:08 pm

RE: The First World War Is Now Over

Thu Oct 07, 2010 5:57 pm

I had two grandfathers in WWI - they took part in the whole war.
One of them I never got to know. He was gone when I arrived.
The other one I knew but not for very long.
Verdun... Taxis de la Marne...

RIP GrandPa 1 and GrandPa 2.
No More War!
There was a better way to fly it was called Concorde
 
oldman55
Posts: 1479
Joined: Wed Jan 21, 2004 11:38 am

RE: The First World War Is Now Over

Thu Oct 07, 2010 7:37 pm

Quoting MadameConcorde (Reply 6):
RIP GrandPa 1 and GrandPa 2.
No More War!

At least there are no more wars for them. Sadly; I,m afraid that won't happen for the rest of humanity untill the earth is no longer around  
too bad most of us get too soon old and too late smart
 
Airstud
Posts: 3127
Joined: Wed Nov 29, 2000 11:57 am

RE: The First World War Is Now Over

Thu Oct 07, 2010 9:02 pm

Montréal is still paying for the 1976 Olympics.

Debt is primarily a bad thing.
Pancakes are delicious.
 
TheSonntag
Posts: 4328
Joined: Wed Jun 15, 2005 7:23 pm

RE: The First World War Is Now Over

Thu Oct 07, 2010 10:33 pm

Quoting MadameConcorde (Reply 6):
I had two grandfathers in WWI - they took part in the whole war.

I have an ashtray at home, which has the iron cross of my grand-grandfather, and the certificate when it was issued to him in 1916, under it. Obviously my grand-grandfather didnt care much for it, probably he had seen too much in the war already.

One Year ago i was in Ypres, and I took some pictures of the german cemetary in Langemarck and the Menenpoort for remembrance of the English troops who were not even found(and from the car a picture of a Canadian cemetary).

The area is simply covered with dozens of cemetarys.






 
ronglimeng
Posts: 562
Joined: Fri Oct 20, 2006 7:12 pm

RE: The First World War Is Now Over

Fri Oct 08, 2010 1:00 am

I think I'll stick with the narrow idea that the war ended on the 11th hour of the 11th day of the 11th month (of 1918).

The completion of some sort of re-worked reparations payments is pretty dubious as a marker.

In a wider sense, some might argue that the Great War has never ended, and except for a few breathing spells and time outs, we are still dealing with issues it created.
 
TheCommodore
Posts: 3458
Joined: Tue Dec 25, 2007 2:14 am

RE: The First World War Is Now Over

Fri Oct 08, 2010 4:15 am

Quoting falstaff (Reply 5):
Who were they paying? Who held the bonds?

I think it may have been Sweden, but 100%
“At first, they'll only dislike what you say, but the more correct you start sounding the more they'll dislike you.”
 
oly720man
Topic Author
Posts: 5761
Joined: Fri May 21, 2004 7:13 am

RE: The First World War Is Now Over

Fri Oct 08, 2010 9:53 am

Quoting falstaff (Reply 5):
Who were they paying? Who held the bonds?

All I can find is the catch-all "private and institutional investors" in various countries.

http://haas414.wordpress.com/2010/10...-one-years-after-berlin-wall-fell/

And the payments were interest payments on bonds issued in the 1920's. Germany paid the principal, but not the interest until Germany was reunified.

Payments were suspended in the early 1930's due to a global financial crisis and Adolf Hitler's Nazi government never restarted them. Only in 1953 did West Germany agree to begin repaying the principal debt on the bonds.

It was agreed at an international conference that the interest payments would not begin until Germany was reunified. When the Berlin wall fell in 1990, the country began its interest payments, the last of which will be made on Sunday, October 3.


http://www.jpost.com/International/Article.aspx?id=189637
wheat and dairy can screw up your brain
 
MD11Engineer
Posts: 13916
Joined: Sun Oct 26, 2003 5:25 am

RE: The First World War Is Now Over

Fri Oct 08, 2010 10:29 am

Quoting TheCommodore (Reply 11):
Quoting falstaff (Reply 5):
Who were they paying? Who held the bonds?

I think it may have been Sweden, but 100%

Part of it. Up to the 1983 we had a monopoly for match sticks. The reason was that in 1930 a Swedish match manufacturer Ivar Kreuger gave the German government a huge loan at good conditions to pay for reparations, but demanded a monopoly on all matches sold in Germany until his loan was paid back.

Jan
Je Suis Charlie et je suis Ahmet aussi
 
Pyrex
Posts: 4085
Joined: Thu Aug 25, 2005 7:24 am

RE: The First World War Is Now Over

Fri Oct 08, 2010 12:22 pm

May the shameful way the war ended (the Versailles treaty that led directly to WW2) be put to rest now. France and the United Kingdom should have pitched in to make payments on those bonds, since they were the primary beneficiaries of them.
Read this very carefully, I shall write this only once!
 
User avatar
falstaff
Posts: 5593
Joined: Sun Jun 25, 2006 6:17 am

RE: The First World War Is Now Over

Fri Oct 08, 2010 12:57 pm

Quoting ronglimeng (Reply 10):
I think I'll stick with the narrow idea that the war ended on the 11th hour of the 11th day of the 11th month (of 1918).


That is always how I remembered it. This past summer I was in the UK and saw several memorials with the ending date of WWI in 1919. The friend I was hanging out with explained that the war actually did end in 1919. Which explained a trivia game "error" I saw in a bar a few years back. I was playing one of those game machines that sits on the bar and when the trivia question about what year did WWI end came up, 1918 was not one of the choices. I was dumbfounded because I always thought of 11-11-18 was the end of the war. When I got the answer wrong it showed the correct choice was 1919.

The USA considers a WWII vet anyone who served between 12-7-41 to 12-31-46. The WWII victory service ribbon was awarded to anyone who served on or between those dates. There is a separate service ribbon for those that served at anytime between 9-1-39 and 12-6-41.
My mug slaketh over on Falstaff N503

Who is online

Users browsing this forum: agill, einsteinboricua and 26 guests

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos