The economic consequences of peace essay

It was five years to the day since the assassination of Archduke Francis Ferdinand, which began the chain of events that led to the outbreak of World War I.

The Allies should have either totally destroyed and dismembered Germany or else have made a sincere effort to make a fair and just peace with her and bring her into the family of nations as a full partner.

Clemenceau had been clever enough to let it be seen that he would swallow the League at a price.

john maynard keynes

In the first place, he was a foremost believer in the view of German psychology that the German understands and can understand nothing but intimidation, that he is without generosity or remorse in negotiation, that there is no advantage he will not take of you, and no extent to which he will not demean himself for profit, that he is without honor, pride, or mercy.

What chance could such a man have against Mr. Was the Treaty really as bad as it seemed? Wilson, a great idealist, had few negotiating skills, and he soon buckled under the pressure of Clemenceau, who hoped to punish Germany as severely as it had punished France in the Treaty of Frankfurt that ended the Franco-Prussian War in We will examine in the following chapters the actual character of the Peace.

economic consequences of the peace wiki

It was commonly believed at the commencement of the Paris Conference that the President had thought out, with the aid of a large body of advisers, a comprehensive scheme not only for the League of Nations, but for the embodiment of the Fourteen Points in an actual Treaty of Peace.

There it is not just a matter of extravagance or "labor troubles"; but of life and death, of starvation and existence, and of the fearful convulsions of a dying civilization. Europe[ edit ] One of the most serious charges Keynes leveled against the Treaty and the men who created it is that it paid almost no attention whatever to the economic future of Europe: The Treaty includes no provisions for the economic rehabilitation of Europe,— nothing to make the defeated Central Powers into good neighbors, nothing to stabilize the new states of Europe, nothing to reclaim Russia; nor does it promote in any way a compact of solidarity amongst the Allies themselves; no arrangement was reached at Paris for restoring the disordered finances of France and Italy, or to adjust the systems of the Old World and the New.

In Russia, Poland, Hungary, or Austria such a thing as a budget cannot be seriously considered to exist at all. He could take the high line; he could practise obstinacy; he could write Notes from Edition: current; Page: [50] Sinai or Olympus; he could remain unapproachable in the White House or even in the Council of Ten and be safe.

Before the war the population of Germany and Austria-Hungary together not only substantially exceeded that of the United States, but was about equal to that of the whole of North America.

the economic consequences of the peace chapter 3 summary
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Essays in Persuasion