The Daily Parker

Politics, Weather, Photography, and the Dog

It's all over now

Not my MBA, which finishes in 73 days. At least we're done with classes; all that remains are my distance classes and three projects.

No, more interesting than that is how World War I finally ends on Sunday:

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 initial sum agreed upon for war damages in 1919 was 226 billion Reichsmarks, a sum later reduced to 132 billion, £22 billion at the time.

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.

This, one must admit, is a head-scratcher. Good thing no one held a grudge after 1919, else we'd have had real problems.

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