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What was the success of the recovery process for Europe after WWI?

The recovery plan for Europe focused around the treaty of Versailles which was crafted at the Paris Peace Conference in January of 1919 and also around President Woodrow Wilson's The Fourteen Points. The major focus of the fourteen points was the creation of the League of Nations. However, because the US never joined the League of Nations it was mostly ineffective.


The Treaty of Versailles stipulated that Germany had to make reparations in excess of $33 billion. Germany eventually defaulted on the payments of these indemnities - which were largely to France- and the French economy nearly collapsed as a result. Moreover, because Germany was blamed for the war it caused a great deal of enmity among German people who  had to deal with bitter defeat, staggering reparations and the ceding of certain of its territories to the Allies. Out of this enmity grew the Nazi movement which played a huge role in World War II - a war which broke out twenty years after the signing of the Treaty of Versailles.

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