In 1920, after the first World War, John M. Keynes wrote “The Economic Consequences of the Peace” on his dissatisfaction with the Treaty of Versailles and calls out to those who are drafting the treaty to think of the potential economic consequences it would have on Germany and Europe as a whole. Keynes was an established economist in England and most notably would revolutionize the ideas seen in macroeconomics. Throughout the chapter Keynes writes in a style of urgency and fear as he sees the stability of Europe at risk.… Read the rest here
Tag Archives: The Treaty of Versailles
Keynes and The Treaty of Versaille
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
Depression after Destruction
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
Spengler’s “Decline of the West”, 1922
Spengler was born in 1880, the first born child of a German mining family. When he was ten, he was trained in the Greco-Roman tradition, learning Greek, Latin, mathematics and art. However, he was also heavily influenced by Nietzche and Goethe’s writings. When he later entered college for a teaching degree, he continued his pursuits of the classics. Spengler was notorious for not including sources in his papers and essays and was heavily criticized for it during his time.… Read the rest here