John Maynard Keynes, an English economist, wrote his piece ‘The Economic Consequences of the Peace’ in 1920. It was a reaction to the Treaty of Versailles which ended World War I. Keynes seems adamant in his prose that Europe was excessively punished following the Great War, seen when he wrote “This treaty will sign the death sentence of many millions of German men, women and children”1. Keynes wrote with the Allies as his audience as they were the authors of this treaty and should be held responsible for these ramifications. … Read the rest here
John Maynard Keynes, one of the most important British economists of the 20th century, wrote The Economic Consequences of the Peace (1920) in response to the Treaty of Versailles. Keynes in his piece focuses on Germany and uses them as a representation as to what will happen, economically, if citizens of these countries follow this treaty.
Keynes argues that Germany, with a booming population and a rapidly increasing industry, can’t survive with the treaty’s proposed sanctions.… Read the rest here