Roosevelt said the United States now coveted nothing from postwar Germany. (U.S. officials privately estimated that whatever German assets survived the war would be worth at most $200 million.) Yet he also did not want Germans to have a higher living standard than the Soviet people. Churchill’s opposition was stouter; privately he considered Stalin’s reparations plan “madness.” Germany, like France, would be an important counterweight to Soviet power in Europe, and he was also reluctant to bankrupt a future trading partner.
