Economic Consequences of the Peace
The Economic Consequences of the Peace (1919) was a best seller throughout the world, 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 with Germany. The book was critical in establishing a general worldwide opinion that the Versailles Treaty was a brutal and unfair peace towards Germany. 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.
First Page:THE ECONOMIC CONSEQUENCES OF THE PEACE
JOHN MAYNARD KEYNES, C.B. Fellow of King's College, Cambridge
New York Harcourt, Brace and Howe
The writer of this book was temporarily attached to the British Treasury during the war and was their official representative at the Paris Peace Conference up to June 7, 1919; he also sat as deputy for the Chancellor of the Exchequer on the Supreme Economic Council. He resigned from these positions when it became evident that hope could no longer be entertained of substantial modification in the draft Terms of Peace. The grounds of his objection to the Treaty, or rather to the whole policy of the Conference towards the economic problems of Europe, will appear in the following chapters. They are entirely of a public character, and are based on facts known to the whole world.
J.M. Keynes. King's College, Cambridge, November, 1919.
I. INTRODUCTORY II. EUROPE BEFORE THE WAR III. THE CONFERENCE IV. THE TREATY V. REPARATION VI. EUROPE AFTER THE TREATY VII. REMEDIES
THE ECONOMIC CONSEQUENCES OF THE PEACE
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