A Reparation is a payment made to repair a breach or injustice. Sometimes the word indemnity is used.
Large reparations have sometimes caused extensive economic damage to the countries that have to pay them: for example, after the First World War the Treaty of Versailles obliged Germany to pay enormous reparations to France and the other allied nations. This compounded the already heavy costs associated with the war itself and thereby contributed significantly to the rampant inflation that afflicted the country during the 1920s and 1930s, and by extension National Socialism taking Germany over.[Citation Needed]
In 2019 Sen. Cory Booker of New Jersey introduced a bill in the Senate for the U.S. Treasury to pay slave reparations for the Democratic party's slave power. Yahoo Finance estimates the cost at $17.1 Trillion, or more than 90% of GDP. More than 90% of GDP is more than 90% of everything that a typical individual produces and consumes in the United States annually.