Yup. France, however, also demanded some drastic additions to the mere gold, according to Keynes' Economic Consequences of Peace and these Sinclair novels. Almost all the rolling stock in Germany's rail, 40% or so of its merchant fleet, and a bunch more. Were Germany to pay the reparations and turn over its productive industry…. More wealth than ever dug up.
The Weimar Government hyperinflated its currency deliberately (according to Mark Blyth; something about the Ruhr Valley paying French workers), but that was solved by '23.
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Date: 2018-01-06 05:31 am (UTC)The Weimar Government hyperinflated its currency deliberately (according to Mark Blyth; something about the Ruhr Valley paying French workers), but that was solved by '23.
That Franco-Prussian War must have been a bitch.