<Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> World War I reparations were compensation imposed during the Paris Peace Conference upon the Central Powers following their defeat in the First World War by the Allied and Associate Powers . Each of the defeated powers was required to make payments in either cash or kind . Because of the financial situation Austria, Hungary, and Turkey found themselves in after the war, few to no reparations were paid and the requirements for reparations were cancelled . Bulgaria, having paid only a fraction of what was required, saw its reparation figure reduced and then cancelled . Historians have recognised the German requirement to pay reparations as the "chief battleground of the post-war era" and "the focus of the power struggle between France and Germany over whether the Versailles Treaty was to be enforced or revised". </P> <P> The Treaty of Versailles (signed in 1919) and the 1921 London Schedule of Payments required Germany to pay 132 billion gold marks (US $33 billion) in reparations to cover civilian damage caused during the war . This figure was divided into three categories of bonds: A, B, and C. Of these, Germany was only required to pay towards' A' and' B' bonds totaling 50 billion marks (US $12.5 billion). The remaining' C' bonds, which Germany did not have to pay, were designed to deceive the Anglo - French public into believing Germany was being heavily fined and punished for the war . </P>

What country had to pay reparations following world war i u.s. france great britain germany