In the early 1920’s Russia was recovering from the revolution and the following civil war. A famine was underway and the country was in disarray after the chaos of the last few years. In response the Soviet Union started enacting new policies to get the economy and the industrial section back on track. First they established the First Labor Army. This organization used men from the military to do labor in order to further the industrial sphere of Russia.… 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
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