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Hague Conference On Reparations
The Hague conference on reparations of 1929–30 was an international conference on World War I reparations that reviewed and adopted the Young Plan, the final attempt during the Weimar Republic to settle the reparations issue. The conference was held in The Hague, Netherlands in two parts, from 6 to 31 August 1929 and from 3 to 31 January 1930. The first session centred around British demands for better terms and a larger share of the reparations payments for itself. Compromises, mostly on Germany's side, eventually resolved the issues. Outside of the formal Young Plan discussions, France agreed to an early withdrawal of the troops occupying the Rhineland in exchange for German concessions on reparations. The second session, which took place after the Wall Street crash of October 1929, set up the Bank for International Settlements to handle the transfer of payments between countries and settled the remaining Young Plan issues despite sometimes furious objections from Germany' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War I Reparations
Following their defeat in World War I, the Central Powers agreed to pay war reparations to the Allied Powers. Each defeated power was required to make payments in either cash or kind. Because of the financial situation in Austria, Hungary, and Turkey after the war, few to no reparations were paid and the requirements for reparations were cancelled. Bulgaria, having paid only a fraction of what was required, saw its reparation figure reduced and then cancelled. Historians have recognized the German requirement to pay reparations as the "chief battleground of the post-war era" and "the focus of the power struggle between France and Germany over whether the Versailles Treaty was to be enforced or revised." The Treaty of Versailles (signed in 1919) and the 1921 London Schedule of Payments required the Central Powers to pay 132 billion gold marks at the time which is US$605. billion in 2025) in reparations to cover civilian damage caused during the war. This figure was divide ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philip Snowden, 1st Viscount Snowden
Philip Snowden, 1st Viscount Snowden, Privy Council of the United Kingdom, PC (; 18 July 1864 – 15 May 1937) was a British politician. A strong speaker, he became popular in trade union circles for his denunciation of capitalism as unethical and his promise of a socialist utopia. He was the first Labour Party (UK), Labour Chancellor of the Exchequer, a position he held in 1924 and again between 1929 and 1931. He broke with Labour policy in 1931, and was expelled from the party and excoriated as a turncoat, as the party was overwhelmingly crushed that year by the National Government (1931), National Government coalition that Snowden supported. He was succeeded as Chancellor by Neville Chamberlain. Early life: 1864–1906 Snowden was born on 18 July 1864 in Cowling, Craven, Cowling in the West Riding of Yorkshire. His father John Snowden had been a weaver and a supporter of Chartism, and later a Gladstonian liberal. Snowden later wrote in his autobiography: "I was brought up i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world. The economic contagion began in 1929 in the United States, the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. Among the countries with the most unemployed were the U.S., the United Kingdom, and Weimar Republic, Germany. The Depression was preceded by a period of industrial growth and social development known as the "Roaring Twenties". Much of the profit generated by the boom was invested in speculation, such as on the stock market, contributing to growing Wealth inequality in the United States, wealth inequality. Banks were subject to laissez-faire, minimal regulation, resulting in loose lending and wides ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Versailles Treaty
The Treaty of Versailles was a peace treaty signed on 28 June 1919. As the most important treaty of World War I, it ended the state of war between Germany and most of the Allied Powers. It was signed in the Palace of Versailles, exactly five years after the assassination of Archduke Franz Ferdinand, which led to the war. The other Central Powers on the German side signed separate treaties. Although the armistice of 11 November 1918 ended the actual fighting, and agreed certain principles and conditions including the payment of reparations, it took six months of Allied negotiations at the Paris Peace Conference to conclude the peace treaty. Germany was not allowed to participate in the negotiations before signing the treaty. The treaty required Germany to disarm, make territorial concessions, extradite alleged war criminals, agree to Kaiser Wilhelm being put on trial, recognise the independence of states whose territory had previously been part of the German Empire, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reichsbank
The ''Reichsbank'' (; ) was the central bank of the German Empire from 1876 until the end of Nazi Germany in 1945. Background The monetary institutions in Germany had been unsuited for its economic development for several decades before unification. In the Kingdom of Prussia, the Bank of Prussia had been established in 1847 and, in the aftermath of the German revolutions of 1848–1849, revolution of 1848, five additional banks had been granted a note-issuance privilege (the , , , at Stettin, and ), but that was still insufficient to sustain adequate monetary conditions. By 1851, 9 banks in the whole of Germany (not including Austria) were chartered to issue banknotes, known as . In addition, most German states - with the only exceptions of Principality of Lippe, Lippe and the Hanseatic cities of Free City of Bremen, Bremen, Free City of Hamburg, Hamburg and Free City of Lübeck, Lübeck - issued government paper money without the intermediation of an issuing bank. Several pan- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Julius Curtius
Julius Curtius (7 February 1877 – 10 November 1948) was a German politician who served as Minister for Economic Affairs (from January 1926 to December 1929) and Foreign Minister of the Weimar Republic (from October/November 1929 to October 1931). Early life Julius Curtius was born on 7 February 1877 at Duisburg in what was then the Prussian Rhine Province. His father Friedrich (1850-1904) owned an ultramarine works at Duisburg and an alum works at . Friedrich's brother was Theodor Curtius, a professor of chemistry. Julius' mother was Adele (1824–98, née Brockhoff). Julius married Adda Carp (1883-1967), sister of industrialist Werner Carp, in 1905. They had two sons and three daughters. Curtius studied law at Kiel, Strasbourg and Bonn and was awarded a doctorate at Berlin. In 1905, he started practicing law at Duisburg. After 1911, he began working on issues in the field of public policy (''Staatswissenschaften'') at Heidelberg. He served in the First World War, finishin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second Müller Cabinet
The second Müller cabinet, headed by Hermann Müller of the Social Democratic Party (SPD), was the sixteenth democratically elected government during the Weimar Republic. It took office on 28 June 1928 when it replaced the fourth Marx cabinet, which had resigned on 12 June after failing to pass a promised school law. The cabinet was a grand coalition made up of the Social Democratic Party, German Democratic Party (DDP), Centre Party, German People's Party (DVP) and Bavarian People's Party (BVP). Lasting just under one year and 9 months, it was in office longer than any other government of the politically unstable Weimar Republic. The broad range of views it brought together made it difficult to resolve the issues it faced and weakened support for the parliamentary system as a whole. In a vote on military spending for a new armored cruiser, for example, the SPD leadership felt it necessary to go against its own party's overwhelming opposition in order to preser ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
André Tardieu
André Pierre Gabriel Amédée Tardieu (; 22 September 1876 – 15 September 1945) was three times Prime Minister of France (3 November 1929 – 17 February 1930; 2 March – 4 December 1930; 20 February – 10 May 1932) and a dominant figure of French political life in 1929–1932. He was a moderate conservative with a strong intellectual reputation, but became a weak prime minister at the start of the worldwide Great Depression. Biography Tardieu's paternal grandmother was the composer and pianist Charlotte Tardieu. Andre Tardieu was a graduate of the elite ''Lycée Condorcet''. He was accepted by the even more prestigious ''École Normale Supérieure'', but instead entered the diplomatic service. Later, he left the service and became famous as foreign affairs editor of the newspaper ''Le Temps''. He founded the conservative newspaper ''L'Echo National'' in association with Georges Mandel. In 1914, Tardieu was elected to the Chamber of Deputies from the ''département'' of S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treaty Of Versailles
The Treaty of Versailles was a peace treaty signed on 28 June 1919. As the most important treaty of World War I, it ended the state of war between Germany and most of the Allies of World War I, Allied Powers. It was signed in the Palace of Versailles, exactly five years after the assassination of Archduke Franz Ferdinand, which led to the war. The other Central Powers on the German side signed separate treaties. Although the Armistice with Germany (Compiègne), armistice of 11 November 1918 ended the actual fighting, and agreed certain principles and conditions including the payment of reparations, it took six months of Allied negotiations at the Paris Peace Conference (1919–1920), Paris Peace Conference to conclude the peace treaty. Germany was not allowed to participate in the negotiations before signing the treaty. The treaty German disarmament, required Germany to disarm, make territorial concessions, extradite alleged war criminals, agree to Kaiser Wilhelm being p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seymour Parker Gilbert
Seymour Parker Gilbert (October 13, 1892 - February 23, 1938) was an American lawyer, banker, politician and diplomat. He is chiefly known for being Agent General for Reparations to Germany, from October 1924 to May 1930. Afterwards, in 1931, he became an associate at J. P. Morgan. Early life Parker Gilbert was the son of Seymour Parker and Carrie Jennings ( Cooper) Gilbert. Gilbert was educated at Rutgers College, graduating at the age of 19, and received a L.L.B. from Harvard Law School at 22, where he was the editor of the Harvard Law Review from 1913-1915, and later an honorary degree in 1930 for his work in reparations. Career From 1915-1918, he practiced law with Cravath and Henderson in New York. At age 27, he was offered a post in the Wilson Administration, as Assistant Secretary of the Treasury, and continued to serve in the Harding Administration. In 1924, he was appointed Agent General for Reparations by the Allied Reparation Commission, succeeding the temporary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lord Snowden
Philip Snowden, 1st Viscount Snowden, PC (; 18 July 1864 – 15 May 1937) was a British politician. A strong speaker, he became popular in trade union circles for his denunciation of capitalism as unethical and his promise of a socialist utopia. He was the first Labour Chancellor of the Exchequer, a position he held in 1924 and again between 1929 and 1931. He broke with Labour policy in 1931, and was expelled from the party and excoriated as a turncoat, as the party was overwhelmingly crushed that year by the National Government coalition that Snowden supported. He was succeeded as Chancellor by Neville Chamberlain. Early life: 1864–1906 Snowden was born on 18 July 1864 in Cowling in the West Riding of Yorkshire. His father John Snowden had been a weaver and a supporter of Chartism, and later a Gladstonian liberal. Snowden later wrote in his autobiography: "I was brought up in this Radical atmosphere, and it was then that I imbibed the political and social principles whic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rudolf Hilferding
Rudolf Hilferding (; 10 August 1877 – 11 February 1941) was an Austrian-born Marxist economist, Socialism, socialist theorist,International Institute of Social History, ''Rudolf Hilferding Papers'': http://www.iisg.nl/archives/en/files/h/10751012.php politician and the chief theoretician for the Social Democratic Party of Germany (SPD) during the Weimar Republic,William Smaldone, Smaldone, William, ''Rudolf Hilferding and the total state'', 1994: http://www.encyclopedia.com/doc/1G1-15867926.html being almost universally recognized as the SPD's foremost theoretician of the twentieth century. He was also a physician. He was born in Vienna, where he received a doctorate having studied medicine. After becoming a leading journalist for the SPD, he participated in the German Revolution of 1918–19, November Revolution in Germany and was List of German finance ministers, Finance Minister of Germany in 1923 and from 1928 to 1929. In 1933 he fled into exile, living in Zurich and then ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
