John Maynard Keynes was an economist in Great Britain during World War I. Keynes also served as a representative of the Treasury of Great Britain and was an outspoken member at Versailles. Since Keynes was an economist he saw the consequences that the sanctions on Germany would do not only to their economy but what it would do to the rest of the world economy. He saw that since Germany would have to pay large sums of money they would not be able to provide for their people and Germany was already facing food shortages because of the Allied blockade.… Read the rest here
John Maynard Keynes, as stated in the beginning of the article was an English Economist famous for his economic theories called Keynesian economics. After the treaty of Versailles was published, he became very depressed about the state in which Europe would be in as a result of the treaty. In the Treaty of Versailles, Germany is essentially cut off from all trade which Keynes states will make it difficult for a rising Industrial country. He states that by agreeing with the treaty it will be similar to signing over the lives of millions of German men, women and children.… Read the rest here
In reading the “Treaty of Versailles,” it becomes clear that the idea behind the treaty was to limit the powers and territories of Germany and have them surrender during the Great War; making them go from a very powerful country to a very weak country in the blink of an eye. In his piece titled “The Economic Consequences of the Peace,”, English economist John Maynard Keynes spoke to the negative effects that the Versailles settlement would have on the nation of Germany. … Read the rest here
Keynes compares the livelihood of Europe before and after the war. He boasts about how self-sufficient Europe was, with the population secured for itself with dedicated organization and steady income of supplies. He believes the disruption of this system has contributed to the decline in livelihood.
To follow his first point, Keynes warns the population of the lurking danger of the rapid decline in the standard of living that will leave people starved, as well as mentally and physically disabled.… Read the rest here
Keynes’ argument is based on the fact that he believes the environment in Germany established by the Treaty of Versailles will create conditions that force desperate men and women to political instability and radical forms of government in order to survive. When a group of people are pushed into a position of survival, they do not go quietly into the night; rather, they group together to fight for their common interests and survive as a whole.… Read the rest here
As the founder of his eponymous economic school of thought, John Maynard Keynes contributed many influential theses on the economics of his day. Nowhere is this more notable than in 1920’s The Economic Consequences of Peace, his controversial criticism of the Treaty of Versailles. Keynes asserted that the Treaty would do little other than prolong and perhaps exacerbate the period of postwar unrest in Europe, noting that “the Treaty includes no provisions for the economic rehabilitation of Europe” (Keynes). … Read the rest here
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
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
When the Allies met in Paris to negotiate the terms for peace after the First World War, their main goal was ostentatiously to create stability in Europe, but each representative came to the table with his own specific interests in mind. This led to major issues in the Treaty of Versailles, such as its questionable economic feasibility. In his book, The Economic Consequences of the Peace, John Maynard Keynes discusses how the preoccupation of the Allies caused them to deal with economic issues using politics and without considering the future of Europe’s economies.… Read the rest here