Editing World War I reparations (section)

===Summary===

{| class="wikitable"
|-
! Event
! German<br/>gold marks<br/>(billions)
! U.S. dollars<br/>(billions)
! 2019 US$<br/>(billions)
!Approximate percentage of Germany's GNP in 1925{{refn|name=repnote1|group=Note|Economic historian Paul Bairoch calculated German GNP in 1925 as approximately 45,002 million US Dollars at 1960 prices (see Bairoch, Paul (1976): "Europe's Gross National Product: 1800–1975", Journal of European Economic History, Vol. 5, pp. 273–340), which converts to approximately 388,685 million US dollars at 2019 prices}}
|-
| Initial German offer, 24 April 1921    
| align=center | 50 (capital value)<br />or 200 in annuities ([[Real versus nominal value (economics)|nominal value]]){{sfn|Marks|1978|p=237}}{{sfn|United States Department of State|1921|pp=46–48}}
| align=center | 12.5 – 50{{refn|name=repnote2|group=Note|No figure currently found showing the exact mark to dollar conversion. Instead, the estimated dollar value has been presented based on Sally Marks' comment that while the "paper mark depreciated rapidly, the gold mark held at 4 to the dollar and 20 to the pound."{{sfn|Martel|1999|p=35}}}}
| align=center | {{formatnum:{{Inflation|US|12.5|1921|2019}}}} – {{formatnum:{{Inflation|US|50|1921|2019}}}}
| align=center | 53% – 184%
|-
| J.M. Keynes proposal in ''The Economic Consequences of the Peace'', 1919   
| align=center | 40{{refn|name=repnote2|group=Note}}
| align=center | 10
| align=center | {{formatnum:{{Inflation|US|10|1919|2019}}}}
| align=center | 38%
|-
| London Schedule of Payments, 5 May 1921 (All Central Powers)      
| align=center | 132{{sfn|Marks|1978|p=236}}
| align=center | 33{{sfn|Grenville|Wasserstein|2000|p=140}}
| align=center | {{formatnum:{{Inflation|US|33|1921|2019}}}}
| align=center | 123%
|-
| A and B Bonds, of the above payment scheme      
| align=center | 50{{sfn|Marks|1978|p=237}}
| align=center | 12.5{{sfn|Marks|1978|p=237}}
| align=center | {{formatnum:{{Inflation|US|12.5|1921|2019}}}}
| align=center | 46%
|-
| Young Plan, 1929      
| align=center | 112{{sfn|Young|2006|p=171}}
| align=center | 26.35{{sfn|Backhaus|2012|p=70}}  
| align=center | {{formatnum:{{Inflation|US|26.35|1929|2019}}}}
| align=center | 101%
|-
| Total German payments (cash. credit for state assets, and in-kind) made by 1932
| align=center |  19–20.5{{sfn|Marks|1978|p=233}}{{sfn|Boemeke|Feldman|Glaser|1998|p=424}}
| align=center |  4.75 – 5.12{{refn|name=repnote2|group=Note}}
| align=center | {{formatnum:{{Inflation|US|4.75|1932|2019}}}} – {{formatnum:{{Inflation|US|5.12|1932|2019}}}}
| align=center | 23%–25%
|-
|}