The Economic Consequences of the Peace

"The Economic Consequences of the Peace" is a book written by John Maynard Keynes, a British economist, in 1919. The book was a critique of the Treaty of Versailles, which ended World War I and imposed harsh economic sanctions on Germany.

In the book, Keynes argued that the treaty would have disastrous economic consequences for Germany and for Europe as a whole. He believed that the sanctions would cripple Germany's economy and lead to political instability, which would in turn lead to further economic problems for the rest of Europe.

Keynes also criticized the economic policies of the Allied powers, particularly the United States, which he believed were contributing to a global economic depression. He argued that a more cooperative approach to international economics was needed, with countries working together to promote economic growth and stability.

"The Economic Consequences of the Peace" was a highly influential book that helped shape the field of international economics and influenced the development of Keynesian economics. The book's critique of the Treaty of Versailles was widely shared and helped to pave the way for a more conciliatory approach to Germany in the years that followed.