World War II reparations

After World War II, both the Federal Republic and Democratic Republic of Germany were obliged to pay war reparations to the Allied governments, according to the Potsdam Conference. Italian, Romanian, Hungarian, Bulgarian and Finnish reparations were determined in Paris Peace Treaties. Austria was not included in any of these treaties. Japan's reparations were determined in Treaty of San Francisco.

The negociation of the reparation were a thin balance between letting Germany's economy grow enough to avoid social discontent and ensuring Germany's military might remains under control. Policymarkes had learned lessons from the reparation post World War I and avoided making the same mistakes.

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