Here's another view, from the economist John Maynard Keynes (of Keynesian economics fame), regarding the devastating reparations that were imposed by the Allies on Germany after the end of WW1:
...Keynes began work on The Economic Consequences of the Peace. It was published in December 1919 and was widely read. In the book, Keynes made a grim prophecy that would have particular relevance to the next generation of Europeans: "If we aim at the impoverishment of Central Europe, vengeance, I dare say, will not limp. Nothing can then delay for very long the forces of Reaction and the despairing convulsions of Revolution, before which the horrors of the later German war will fade into nothing, and which will destroy, whoever is victor, the civilisation and the progress of our generation."
Germany soon fell hopelessly behind in its reparations payments, and in 1923 France and Belgium occupied the industrial Ruhr region as a means of forcing payment. In protest, workers and employers closed down the factories in the region. Catastrophic inflation ensued, and Germany's fragile economy began quickly to collapse. By the time the crash came in November 1923, a lifetime of savings could not buy a loaf of bread. That month, the Nazi Party led by Adolf Hitler launched an abortive coup against Germany's government. The Nazis were crushed and Hitler was imprisoned, but many resentful Germans sympathized with the Nazis and their hatred of the Treaty of Versailles.
A decade later, Hitler would exploit this continuing bitterness among Germans to seize control of the German state. In the 1930s, the Treaty of Versailles was significantly revised and altered in Germany's favor, but this belated amendment could not stop the rise of German militarism and the subsequent outbreak of World War II.
It is way more complicated then just "reparations and inability to pay for them" economics only makes it sound.
The stab in the back Jews made us loose WWI myth started right after WWI ended. Nazi and other radicals were very active well before Ruth and did engaged in Ruth making happen the way it did too.
The continuing bitterness among Germans was something Hitler not just exploited, but actively worked on keeping and inflaming. He actively worked against solutions and agreements that could make situation better.
Significant portion of Germans did not believed they actually lost the WWI and really wanted to redo - not just for economy. But also because Germany had long militaristic tradition and values that did not just died after war.
Of course it'd have been easier to pay reparations if Germany wasn't squirreling away money to sidestep the treaty's prohibition on further preparation for war. Nazi Germany didn't place an Amazon Prime order for next day delivery of bomber aircraft and submarines the night before they invaded Poland - preparations took many years, and cost a lot of money.
You've got this badly out of sequence. There's fifteen years of Weimar struggling to pay the Versailles reparations in more or less good faith.
On small scale, the Prussian old guard tried to side-step some of the armament restrictions - notably doing some joint tank development with the Soviet Union - but before Hitler said piss off and began rearming in earnest, the Wehrmacht was limited to 100k, virtually no planes, and a remnant of the Kaiser's fleet.
At that point, it was too late. WWII was caused by Woodrow Wilson. He lied to USA voters, with the campaign slogan "He kept us out of war!" that was widely celebrated until a month after his re-inauguration when he rushed us into war. With USA saving their asses, UK and France had no reason to negotiate with Germany in good faith. If we had left them to suffer the consequences of their poor decisions, they would have found a way to live in peace with the Germans.
...Keynes began work on The Economic Consequences of the Peace. It was published in December 1919 and was widely read. In the book, Keynes made a grim prophecy that would have particular relevance to the next generation of Europeans: "If we aim at the impoverishment of Central Europe, vengeance, I dare say, will not limp. Nothing can then delay for very long the forces of Reaction and the despairing convulsions of Revolution, before which the horrors of the later German war will fade into nothing, and which will destroy, whoever is victor, the civilisation and the progress of our generation."
Germany soon fell hopelessly behind in its reparations payments, and in 1923 France and Belgium occupied the industrial Ruhr region as a means of forcing payment. In protest, workers and employers closed down the factories in the region. Catastrophic inflation ensued, and Germany's fragile economy began quickly to collapse. By the time the crash came in November 1923, a lifetime of savings could not buy a loaf of bread. That month, the Nazi Party led by Adolf Hitler launched an abortive coup against Germany's government. The Nazis were crushed and Hitler was imprisoned, but many resentful Germans sympathized with the Nazis and their hatred of the Treaty of Versailles.
A decade later, Hitler would exploit this continuing bitterness among Germans to seize control of the German state. In the 1930s, the Treaty of Versailles was significantly revised and altered in Germany's favor, but this belated amendment could not stop the rise of German militarism and the subsequent outbreak of World War II.
https://www.history.com/this-day-in-history/keynes-predicts-...