At the Yalta Conference, U.S. President Franklin D. Roosevelt, Soviet Premier Joseph Stalin, and British Prime Minister Winston Churchill gathered to discuss the nearly inevitable Allied victory in Europe and what they should do to hold Germany accountable for World War II.
During this conference, the Allied leaders decided that Germany should be held responsible for some reparations after the war and that—in addition to Great Britain, Russia, and the United States—France should have a role in governing Germany after the war.
Though Germany was held financially responsible for World War II, the country was not obligated to pay full reparations—as it was after World War I. Some world leaders realized how the significant burden placed on Germany after World War I ultimately led to the rise of Adolf Hitler, so they chose to soften the punishment after World War II.
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