{"id":1644,"date":"2013-09-10T21:36:26","date_gmt":"2013-09-11T01:36:26","guid":{"rendered":"http:\/\/blogs.dickinson.edu\/quallsk\/?p=1644"},"modified":"2013-09-10T21:36:26","modified_gmt":"2013-09-11T01:36:26","slug":"comparison-of-keynes-and-versailles-treatywilsons-fourteen-points","status":"publish","type":"post","link":"https:\/\/blogs.dickinson.edu\/quallsk\/2013\/09\/10\/comparison-of-keynes-and-versailles-treatywilsons-fourteen-points\/","title":{"rendered":"Comparison of Keynes and Versailles Treaty\/Wilson’s Fourteen Points"},"content":{"rendered":"

As the founder of his eponymous economic school of thought, John Maynard Keynes contributed many influential theses on the economics of his day. \u00a0Nowhere is this more notable than in 1920’s\u00a0The Economic Consequences of Peace<\/em>,\u00a0his controversial criticism of the Treaty of Versailles. \u00a0Keynes 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). \u00a0Instead, the major powers responsible for the Treaty (i.e. France, the United Kingdom, the United States) used it to advocate their own national interests. \u00a0With the exception of the U.S., who primarily viewed the Treaty as means of implementing President Wilson’s somewhat unrealistically idealistic Fourteen Points, Keynes argued that the aforementioned nations utilized the Versailles Treaty to reprimand Germany for the damage it caused during WWI , particularly by crippling its economy. \u00a0Keynes’ ultimate qualm about these tactics was that because Germany, a formerly thriving industrial nation, had become so firmly established as a staple of European industry and commerce, its virtual elimination from this economic community would cripple not only Germany, but all of Europe. \u00a0Although this excerpt did not offer any explicit alternatives to the Versailles Treaty, Keynes was noted several years later (1933) as an advocate of “economic nationalism…the autonomy which individual states had gained over policy as a result of the collapse of a unified international economy” (Mazower, 137). \u00a0It is then perhaps reasonable to infer that in the wake of this interwar economic crisis, Keynes felt that a Europe composed of economically independent states would be more stable than the tightly interdependent economic climate that dominated the decades prior.<\/p>\n","protected":false},"excerpt":{"rendered":"

As the founder of his eponymous economic school of thought, John Maynard Keynes contributed many influential theses on the economics of his day. \u00a0Nowhere is this more notable than in 1920’s\u00a0The Economic Consequences of Peace,\u00a0his controversial criticism of the Treaty … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1796,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51180],"tags":[2679,80493,2758,2802,80491,80492,80457,2862,1872],"class_list":["post-1644","post","type-post","status-publish","format-standard","hentry","category-miscellaneous","tag-economics","tag-fourteen-points","tag-france","tag-germany","tag-keynes","tag-president-wilson","tag-treaty-of-versailles","tag-united-kingdom","tag-united-states"],"_links":{"self":[{"href":"https:\/\/blogs.dickinson.edu\/quallsk\/wp-json\/wp\/v2\/posts\/1644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.dickinson.edu\/quallsk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.dickinson.edu\/quallsk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.dickinson.edu\/quallsk\/wp-json\/wp\/v2\/users\/1796"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.dickinson.edu\/quallsk\/wp-json\/wp\/v2\/comments?post=1644"}],"version-history":[{"count":0,"href":"https:\/\/blogs.dickinson.edu\/quallsk\/wp-json\/wp\/v2\/posts\/1644\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.dickinson.edu\/quallsk\/wp-json\/wp\/v2\/media?parent=1644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.dickinson.edu\/quallsk\/wp-json\/wp\/v2\/categories?post=1644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.dickinson.edu\/quallsk\/wp-json\/wp\/v2\/tags?post=1644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}