Commanding Heights Questions and Answers
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Explain the "economic consequences of the peace" that John Maynard Keynes warned about as an outcome of the Treaty of Versailles. economic consequences of the peace

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As part of the Treaty of Versailles, Germany, as the aggressor declared responsible for WWI, was to be subjected to punishing financial consequences, as well as being placed under other constraints relating to its armed forces, for example. Keynes was a very outspoken critic of this plan, as he felt it would lead not only to financial ruin for Germany, but also to social consequences which could have serious repercussions in future years. As was later proven, as Germany hobbled towards fascism in the early 1920s, Keynes's prediction was correct.

One of the main issues Keynes saw with the Treaty in its final form was that it was being driven by the French, who had suffered terribly in WWI and who also wished to emulate the punishment that had been enacted upon them by the Germans at the end of the Franco-Prussian war, almost forty years earlier. The French demanded reparations from Germany for all damages caused by the war; in effect, Keynes saw, the point of this was to destroy Germany...

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