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| World War One officially ends . . . TODAY!!! http://taxi-driver.co.uk/phpBB2/viewtopic.php?f=1&t=15021 |
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| Author: | Brummie Cabbie [ Sun Oct 03, 2010 4:40 pm ] |
| Post subject: | World War One officially ends . . . TODAY!!! |
First World War officially ends [today] The First World War will officially end on Sunday, 92 years after the guns fell silent, when Germany pays off the last chunk of reparations imposed on it by the Allies Published: 1:37PM BST 28 Sep 2010 The final payment of £59.5 million, writes off the crippling debt that was the price for one world war and laid the foundations for another. Germany was forced to pay the reparations at the Treaty of Versailles in 1919 as compensation to the war-ravaged nations of Belgium and France and to pay the Allies some of the costs of waging what was then the bloodiest conflict in history, leaving nearly ten million soldiers dead. The bill would have been settled much earlier had Adolf Hitler not reneged on reparations during his reign. Hatred of the settlement agreed at Versailles, which crippled Germany as it tried to shape itself into a democracy following armistice, was of significant importance in propelling the Nazis to power. "On Sunday the last bill is due and the First World War finally, financially at least, terminates for Germany," said Bild, the country's biggest selling newspaper. Most of the money goes to private individuals, pension funds and corporations holding debenture bonds as agreed under the Treaty of Versailles, where Germany was made to sign the 'war guilt' clause, accepting blame for the war. France, which had been ravaged by the war, pushed hardest for the steepest possible fiscal punishment for Germany. The principal representative of the British Treasury at the Paris Peace Conference, John Maynard Keynes, resigned in June 1919 in protest at the scale of the demands. "Germany will not be able to formulate correct policy if it cannot finance itself,' he warned. When the Wall Street Crash came in 1929, the Weimar Republic spiralled into debt. Four years later, Hitler was elected Chancellor of Germany. Source; http://www.telegraph.co.uk/news/worldne ... -ends.html |
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| Author: | Brummie Cabbie [ Sun Oct 03, 2010 4:42 pm ] |
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Well, that's a weird one!! Repaying all this time?? |
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| Author: | wannabeeahack [ Sun Oct 03, 2010 5:16 pm ] |
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Brummie Cabbie wrote: Well, that's a weird one!!
Repaying all this time?? so when do they clear the WW2 debt? we repaid the USA for "lease lend" (WW2) before germany repaid for WW1....!!!!! (Thanks yanks.....not) |
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| Author: | grandad [ Sun Oct 03, 2010 7:45 pm ] |
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I think you will find that we still owe the Yanks for WW1. |
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| Author: | wannabeeahack [ Sun Oct 03, 2010 8:01 pm ] |
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Quote: And while the UK dutifully pays off its World War II debts, those from World War I remain resolutely unpaid. And are by no means trifling. In 1934, Britain owed the US $4.4bn of World War I debt (about £866m at 1934 exchange rates). Adjusted by the Retail Price Index, a typical measure of inflation, £866m would equate to £40bn now, and if adjusted by the growth of GDP, to about £225bn.
Mind you, we could have NOT fought gerry and the japs (done a "french handover" damn quick) and let Uncle Sam go it alone, WHICH (considering they only came in late both times) could have been bad news for them |
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| Author: | bloodnock [ Mon Oct 04, 2010 12:03 am ] |
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How things have changed....Now its us that pays more into Europe than we get out of it....Who exactly Won that War to end all Wars....was it Call centre Britain or Mighty Industrial Deutschland..? |
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| Author: | toots [ Mon Oct 04, 2010 9:32 am ] |
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Oh well that leaves hope for us on Merseyside, we may yet manage to pay off the debt from our tunnels and make the passage through them free |
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| Author: | wannabeeahack [ Mon Oct 04, 2010 11:19 am ] |
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toots wrote: Oh well that leaves hope for us on Merseyside, we may yet manage to pay off the debt from our tunnels and make the passage through them free
i remember a few years ago when it was "coins only" and several toll booth staff were found to have been going home VERY much heavier than when they started the shift..... |
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| Author: | edders23 [ Mon Oct 04, 2010 3:09 pm ] |
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wannabeeahack wrote: toots wrote: Oh well that leaves hope for us on Merseyside, we may yet manage to pay off the debt from our tunnels and make the passage through them free i remember a few years ago when it was "coins only" and several toll booth staff were found to have been going home VERY much heavier than when they started the shift..... I doubt they could have carried £59.5M in coins !! 
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