The growth of consumer and mortgage finance is a modern phenomenon but I've often wondered what happened to those with private debt obligations after World War One and World War Two. Obviously, people couldn't repay their debts. Were their debts forgiven? Were they made bankrupt with no prospect of being able to borrow in the future? Evidence of debt forgiveness from any of the UK, Germany, France or the Netherlands would be great.

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    Hi and welcome. Do you have a country in mind... The world wars were... eh, world-wide. – AllInOne Jun 12 at 20:33
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    Well, if you were in Germany after World War 1 and you had borrowed in Deutsch Marks before the war then if the war didn't forgive your debt hyperinflation would have wiped it out. But I think that was an exceptional case. – Excel r 8 Jun 12 at 20:57
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    I never said Europe was a country. I said I had Europe in mind when I was asking this question. – Excel r 8 Jun 12 at 23:53
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    Exactly what people is this question asking about, and why do you believe they "obviously" wouldn't be able to pay their debts? – T.E.D. Jun 13 at 14:56
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    The people I am talking about are people in countries like Germany, France, Netherlands, etc. who held loans from private banks. They obvously couldn't repay their debts as the capital stock in those countries was almost completely destroyed during the war. Many of these people suffered starvation, injury, forced migration and property destruction. – Excel r 8 Jun 13 at 21:20