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| 1921, Jan. 24–30 |
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| Paris conference, to discuss reparations. | 1 |
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| Feb. 19 |
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| Treaty between Poland and France, providing for mutual assistance in case of attack. | 2 |
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| Feb. 21–March 14 |
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| London conference, dealing with reparations. Schedules of payment were worked out for the Germans, who made counterproposals. | 3 |
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| March 3 |
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| Offensive and defensive treaty between Poland and Romania. | 4 |
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| March 8 |
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| The French occupied Düsseldorf, Duisburg, and Ruhrort, after an ultimatum to Germany had been evaded. | 5 |
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| March 24 |
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| The reparation commission declared Germany in default, though the Germans, reaching other figures on payments already made, denied the default. | 6 |
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| April 23 |
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| Romania joined Czechoslovakia in the Little Entente. | 7 |
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| April 27 |
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| The reparations commission announced that Germany should pay a total of 132 billion gold marks. | 8 |
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| April 29–May 5 |
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| London conference on reparations. It sent an ultimatum to Germany demanding 1 billion gold marks by the end of the month on penalty of occupation of the Ruhr. The Germans raised the money by borrowing in London, and accepted the payment schedules. | 9 |
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| June 7 |
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| Treaty between Yugoslavia and Romania, completing the Little Entente. | 10 |
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| Aug. 24, 25 |
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| By separate treaties the U.S. made peace with Austria and Germany. | 11 |
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| Oct. 6 |
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| The Loucheur-Rathenau agreement, arranging for payments in kind. | 12 |
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