Yalta 2.0, but without soft pussies or traitors.
According to the Yalta Conference, no reparations to Allied countries would be paid in money (though that rule was not followed in later agreements). Instead, much of the value transferred consisted of German industrial assets as well as forced labour to the Allies.[1] The Allied demands were further outlined during the Potsdam Conference. Reparations were to be directly paid to the four victor powers (France, United Kingdom, United States, and the Soviet Union); for the countries in the Soviet sphere of influence, the Soviet Union would determine its distribution. To coordinate the distribution of the reparations between the victor powers, the Allied Control Council was established.[2][3]
The Allies finally agreed for German reparations to be paid in the following forms:[2]
- Dismantling of the German industry
- Transferring all manufacturing equipment, machinery and machine tools to the Allies
- Transferring all railroad cars, locomotives and ships to the Allies
- Confiscation of all German investments abroad
- All gold, silver and platinum in bullion or coin form held by any person/institution in Germany
- All foreign currency
- All patents and research data relevant to military application and processes
- Requisition of current German industrial production and resource extraction
- Forced labour provided by the German population
To oversee the extraction and distribution of the German reparations in their control zone, the Western Allies established the Inter-Allied Reparations Agency (IARA). The distribution of the reparations from Germany was to be allotted by a pre-determined percentage to which the victor powers agreed to. German reparations were to be classified into two categories: A (all forms of German reparations except those included in Category B) and B (industrial and capital equipment, merchant ships, and inland water transports).[3][4][2]
The following nations received reparations as part of the proceedings of the IARA:
