The Lausanne Conference was a 1932 meeting of representatives from Great Britain, Germany, and France that resulted in an agreement to suspend World War I reparations payments imposed on the defeated countries by the Treaty of Versailles. Held from June 16 to July 9, 1932, it was so named for its location in Lausanne, Switzerland. The reparations were a series of payments the German state was forced to make following its defeat during World War I, under Article 231 of the Treaty of Versailles. ... Image:Versaillestreaty. ... Waterfront view of Ouchy, just south of Lausanne Lausanne is a city in the French-speaking part of Switzerland, on the shores of Lake Geneva (French: Lac Léman), across from Évian-les-Bains, France, and about 60 km northeast of Geneva. ...

A moratorium had been place on the war reparations payments in 1931 and a year later the delegates to the Lausanne Conference realized that the deepening world financial crisis in the Great Depression made it nearly impossible for Germany to resume its payments. However, Britain and France and other Allies had borrowed heavily to fight the war and in particular, France and Belgium were struggling after having had their infrastructure severely damaged by the fighting and by the deliberate destruction and plundering from retreating German forces as the war drew to a close. As such, the delegates came to an informal understanding that the permanent elimination of Germanys debt and war reparations would be subject to reaching an agreement with the United States with respect to their outstanding war debts. In December of 1932, the U.S. Congress rejected the Allied war debt reduction plan which technically meant that the war reparations and debt reverted back to the debt reduction previously granted Germany by the 1930 Young Plan. However, the system had collapsed and Germany made no further payments. In all, Germany made World War I reparations of one eighth of the sum required under the Treaty of Versailles. This page may meet Wikipedias criteria for speedy deletion. ... The Great Depression was a massive global economic recession (or depression) that ran from 1929 to approximately 1939. ... The Congress of the United States is the legislative branch of the federal government of the United States of America. ... The Young Plan was a program for settlement of German reparations debts after World War I. It was presented by the committee headed (1929-30) by Owen D. Young. ...