Mellon–Berenger Agreement
The Mellon-Berenger Agreement (or Mellon-Bérenger Accord) (29 April 1926) was an agreement on the amount and rate of repayment of France's debt to the United States arising from loans and payments in kind made during World War I (1914-1918), both before and after the armistice with Germany. The agreement greatly reduced the amount owing by France, with relatively easy payment terms. However, it was deeply unpopular in France, whose people felt that the United States should waive the debt in light of the huge losses of life and material damage that France had suffered, or at least link payments to reparations from Germany. Ratification by the French parliament was delayed until July 1929. The Great Depression began soon after. In the end, little of the debt was repaid.
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Mellon–Berenger Agreement
The Mellon-Berenger Agreement (or Mellon-Bérenger Accord) (29 April 1926) was an agreement on the amount and rate of repayment of France's debt to the United States arising from loans and payments in kind made during World War I (1914-1918), both before and after the armistice with Germany. The agreement greatly reduced the amount owing by France, with relatively easy payment terms. However, it was deeply unpopular in France, whose people felt that the United States should waive the debt in light of the huge losses of life and material damage that France had suffered, or at least link payments to reparations from Germany. Ratification by the French parliament was delayed until July 1929. The Great Depression began soon after. In the end, little of the debt was repaid.
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The Mellon-Berenger Agreement ...... little of the debt was repaid.
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date effective
1929-12-18
date signed
1926-04-29
languages
*French
*English
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location signed
Washington, D.C., Paris
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name
Mellon-Berenger Agreement
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negotiators
*Andrew W. Mellon
*Henry Bérenger
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parties
*United States
*France
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subject
hypernym
type
comment
The Mellon-Berenger Agreement ...... little of the debt was repaid.
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label
Mellon–Berenger Agreement
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