A Paper on Money Reparations to Jews after WWII

A Paper on Money Reparations to Jews after WWII

Document details
Category: Economics Essay
Subcategory: Financial Economics
Words: 645
Pages: 1

The Holocaust Repirations and Payments Money cures all alements. The Holocaust was a robbery, however money cannot replace the lives that were destroyed. The World Jewish Congress estimates between 23-32 billion 1945 dollars were taken from jews in occupied Europe. This money was taken through lies, theft and outright barbarity. After the war, Western Allies helped Jews reclaim their property, however many people, who were liberated by the Soviets, did not have this luxury. When families began to settle, and were in need of funds, they took it upon themselves to sue the establishments who had confiscated their possessions. Many companies and countries readily paid millions of dollars, however the largest payment, came from Germany itself. The World Jewish Congress estimates between 23-32 billion 1945 dollars were taken from Jews in Occupied Europe. (CQ researcher) This money was taken from jewish people through deceit, trickery and outright theft. In light of these occurrences, many jews put their savings in swiss bank accounts. German officers also did the same with stolen money. After the war, the swiss banks kept this treasure they had amassed over a 12 year period. Other countries, such as Austria, and Poland stole precious possessions from Jewish families, such as rings, and trinkets. Personal items by the thousands were taken and used to make German Products. Things such as hair and fingernails were cut off and used to stuff pillows or to make cement. After the war, Western Allies helped Jews recalim their property as best as they could, however some jews lied, and stole other peoples precious belongings. Some governments formed formal investigation committies to discover what was whos so to speak. The new nation of Israel, which was taken from the Palistinians by the british, and given to the victims of the Holocaust, sued Germany for 4.5 Billion dollars. The money is critical for Israel to buy arms in order to...

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