Serfdom lasted much longer in Russia than in other Western countries because of the economic disadvantages Russia faced. As a result of Peter the Great and the developments he made to the social and economic structures. However, there still seemed to be a huge separation between the nobility and wealthy upper class and the peasants. It seemed that during this time, the rich became richer and the poor became poorer, even clergy lost the status they once had.… 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