World-history / 1929 to Second World War / Lausanne Conference (1932)
Lausanne Conference (1932)
It was a significant event in the aftermath of World War I. Here's a brief overview:
Background:
- After World War I, the Treaty of Versailles (1919) imposed heavy reparations on Germany as part of the war guilt clause.
Economic Hardship in Germany:
- The global economic downturn, known as the Great Depression, hit Germany hard. By 1932, the country was grappling with high unemployment rates, with millions of Germans jobless.
Aim of the Lausanne Conference:
- The primary objective of the conference, held in Lausanne, Switzerland, was to reevaluate and revise the reparations payments imposed on Germany in the Treaty of Versailles.
Outcome:
- At the conference, Britain and France recognized the dire economic situation in Germany. They decided to free Germany from paying most of the remaining reparations.
Significance:
- The Lausanne Conference was a significant acknowledgement of the economic hardships facing Germany. It marked an effort by the Allied powers to alleviate some of the financial burdens on the country.
Impact:
- The decision to revise reparations provided some relief to Germany during a time of severe economic crisis. It also signalled a shift in international attitudes towards Germany, recognizing the need for economic stability in the region.
Overall, the Lausanne Conference of 1932 played a crucial role in addressing the economic challenges faced by Germany in the wake of the Great Depression and the burdens of the Treaty of Versailles.
