The Economic Consequences of the Peace (1919) is a book written and published by John Maynard Keynes. Keynes attended the Versailles Conference as a delegate of the British Treasury and argued for a much more generous peace. It was a bestseller throughout the world and was critical in establishing a general opinion that the Versailles Treaty was a "Carthaginian peace". It helped to consolidate American public opinion against the treaty and involvement in the League of Nations. The perception by much of the British public that Germany had been treated unfairly in turn was a crucial factor in public support for appeasement. The success of the book established Keynes' reputation as a leading economist especially on the left. When Keynes was a key player in establishing the Bretton Woods system in 1944, he remembered the lessons from Versailles as well as the Great Depression. The Marshall Plan after Second World War is a similar system to that proposed by Keynes in The Economic Consequences of the Peace.
Read more about The Economic Consequences Of The Peace: Writing of The Book, Success, Impact On American Participation in The League of Nations, Impact On British Public Support For The Treaty of Versailles, Post–World War II Settlement
Famous quotes containing the words economic, consequences and/or peace:
“It does not follow, because our difficulties are stupendous, because there are some souls timorous enough to doubt the validity and effectiveness of our ideals and our system, that we must turn to a state controlled or state directed social or economic system in order to cure our troubles.”
—Herbert Hoover (1874–1964)
“Every expansion of government in business means that government in order to protect itself from the political consequences of its errors and wrongs is driven irresistibly without peace to greater and greater control of the nation’s press and platform. Free speech does not live many hours after free industry and free commerce die.”
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“Ye gentle souls, who dream of rural ease,
Whom the smooth stream and smoother sonnet please;
Go! if the peaceful cot your praises share,
Go, look within, and ask if peace be there:
If peace be his—that drooping weary sire,
Of theirs, that offspring round their feeble fire,
Or hers, that matron pale, whose trembling hand
Turns on the wretched hearth th’ expiring brand.”
—George Crabbe (1754–1832)