Treaty of Peace with Italy, 1947 Treaty of Peace with Italy, 1947 The Treaty of Peace with Italy (one of the Paris Peace Treaties) was signed on 10 February 1947 between Italy and the victorious powers of World War II, formally ending hostilities. It came into general effect on 15 September 1947. Italy Counterpart: Italian Somaliland was under British administration until 1949 when it became a United Nations Trust Territory under Italian administration. Italian Somaliland combined with British Somaliland on 1 July 1960 and together they became the Somali Republic. Italy was obliged to pay the following war reparations (article 74): The amounts were valued in
Peace treaty peace treaties known as the Peace of Westphalia. It initiated modern diplomacy, involving the modern system of nation-states. Subsequent wars were no longer over religion, but rather revolved around issues of state. This allowed Catholic and Protestant powers to ally, leading to a number of major realignments. The Korean War is an example of a conflict that was ended by an armistice rather than a peace treaty with the 1953 . The Korean War has never technically ended because a final peace treaty or settlement has not been achieved. A more recent example of a peace treaty is the 1973