-
His Fourteen Points were ideas for a fair and lasting peace agreement to end the war.
-
Signed to Russia and was much harsher.
-
Fight ended in 1918 but the peace still had to be written.
-
Presented with the terms in May 1919 and threatened with renewed war if it refused.
-
Thirty-two states send delegations to Paris, but real authority rested with a small circle. The Council of the Ten quickly gave way to the Council of Four (Wilson, Lloyd George, Clemenceau and Orlando), assisted by committees on Borders, reparations armaments, mandates and minorities.
-
Many Germans denounced Versailles as a ‘Diktak’.
-
At 132 billion gold marks or 66 billion pounds, to be made in cash and in kind (coal, ships, industrial goods).
-
French and Belgian forces occupied the Ruhr in January 1923 to take payment in kind.
-
Stabilisation came only after passive resistance ended, new fiscal measures were adopted and the Rentenmark was introduced late in 1923.
-
The crisis convinced many British and American observers that a revised reparations scheme was needed, setting the stage for the Dawes Plan.