With time, historians say there was recognition that Versailles did not achieve what it set out to, and that saddling a country with war debts was not a solution.

随着时间的推移，历史学家们说，重新审视《凡尔赛和约》，其实并未达到其初始时的目的。 只靠让一个国家来承担战争债务，终究不是解决问题的办法。

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Instead of offering aid, they demanded that the government sell the property of southerners to pay Union war debts.

VOA: special.2010.01.14

Confederate war debts would never be paid.

VOA: special.2010.01.14

Adherence to an unsustainable currency union - the Gold Standard - then forced governments to continue deflation-worsening policies, provoking social unrest and inter-country tension over unpaid debts (in this case war reparations, but still debts).

BBC: Thinking outside the 1930s box

Although it probably seems unthinkable today, there was a time when countries would actually go to war and seize territory over debts.

FORBES: How Debt Limits A Country's Options

Nations felt pressure to quickly repay debts accumulated during the war, but higher interest rates led to lower economic output, which in turn led to more protectionism.

FORBES: How Debt Limits A Country's Options