The Economic Consequences of the Peace

In this section of his book The Economic Consequences of the Peace, John Maynard Keynes discusses what he believes to be the failings of the Treaty of Versailles.  He believes that the treaty will cause the economic situation in Europe to worsen, as well as fail to prevent future animosity amongst the opposing countries, stating that it contains “…nothing to make defeated Central Europe into good neighbors.”  Keynes’ views appear to be more similar to those of Woodrow Wilson in his 14 Points than those expressed in the official treaty, arguing that the treaty did too much to harm Germany.… Read the rest here

John Maynard Keynes: The Economic Consequences of the Peace, 1920.

In this article, Keynes talks about the Treaty of Versailles, and it’s failure to address the economic issues of a post-Great War Europe. He states that victorious Allied powers fail to realize that the stability of Europe, and thereby the stability of both France and Britain as well, is reliant on a complicated system of continental and global trade, which the Treaty attempts to disintegrate.

He focusses on Germany and uses them as a representative of post-war Europe.… Read the rest here