21. The largest part of the country s pre-war debts was to French investors linked to Paribas Bank. 22. Some states had repaid their war debt . 23. Countries can also seek to reduce war debt by selling off legally obtained weapons on illegal markets. 24. In 1877, the " Williams v . Bruffy " decision was rendered, pertaining to civil war debts . 25. Federal assumption of the states'war debts became a major issue in the deliberations of the Constitutional Convention. 26. The new Weimar Republic was now saddled with a massive war debt that it could not afford. 27. It also guaranteed that the federal debt would be paid and forbade repayment of Confederate war debts . 28. Chamberlain hoped that a cancellation of the war debt owed to the United States could be negotiated. 29. Municipalities found themselves burdened with war debts . 30. Chamberlain reduced the annual interest rate on most of Britain's war debt from 5 % to 3.5 %.
