
The Economic Consequences of the Peace
- John Maynard Keynes (author)
As part of the British delegation to the Versailles Peace Conference after WW1 Keynes had detailed knowledge of the debates about reparations which were demanded of Germany. He believed the demands on defeated Germany were too harsh and he resigned his government position and wrote this book explaining his reasons.
Table of Contents
- Back to Top
- PREFACE
- CONTENTS
- The Economic Consequences of the Peace
- CHAPTER I: INTRODUCTORY
- CHAPTER II: EUROPE BEFORE THE WAR
- I. Population
- II. Organization
- III. The Psychology of Society
- IV. The Relation of the Old World to the New
- CHAPTER III: THE CONFERENCE
- CHAPTER IV: THE TREATY
- I
- II
- III
- CHAPTER V: REPARATION
- I. Undertakings given prior to the Peace Negotiations
- II. The Conference and the Terms of the Treaty
- III. Germany's Capacity to pay
- 1. Immediately Transferable Wealth
- 2. Property in ceded Territory or surrendered under the Armistice
- 3. Annual Payments spread over a Term of Years
- IV. The Reparation Commission.
- V. The German Counter-Proposals
- CHAPTER VI: EUROPE AFTER THE TREATY
- CHAPTER VII: REMEDIES
- 1. The Revision of the Treaty
- 2. The Settlement of Inter-Ally Indebtedness
- 3. An International Loan
- 4. The Relations of Central Europe to Russia
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Related People
Key Quotes
War & Peace
… any man of capacity or character at all exceeding the average, into the middle and upper classes, for whom life offered, at a low cost and with the least trouble, conveniences, comforts, and amenities beyond the compass of the richest and most powerful monarchs of other ages. The inhabitant of…
Critical Responses

Book
Paris 1919: Six Months That Changed the WorldMargaret MacMillan
In this recent work about the diplomatic negotiations which resulted in the Treaty of Versailles, the author questions Keynes’s interpretation of events.

Book
The Pity of WarNiall Ferguson
Ferguson questions the view that the Treaty of Versailles was Draconian, its terms unprecedented, and that it would lead to economic disaster.
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