The Bill Paid at Last.


The policy of reducing Germany to servitude for a generation, of degrading the lives of millions of human beings, and of depriving a whole nation of happiness should be abhorrent and detestable — abhorrent and detestable, even if it were possible, even if it enriched ourselves, even if it did not sow the decay of the whole civilised life of Europe…[N]ations are not authorised, by religion or by natural morals, to visit on the children of their enemies the misdoings of parents or of rulers.” — John Maynard Keynes

Ninety-one years after the terms were first agreed to, Germany makes its last WWI reparations payment this weekend. “Hatred of the settlement agreed at Versailles, France, which crippled Germany as it tried to shape itself into a democracy following defeat in the war, was of significant importance in propelling the Nazis to power.