The Economic Consequences of the Peace

<p><em style=color: rgba(0 0 0 1)>The Economic Consequences of the Peace</em><span style=color: rgba(0 0 0 1)> (1919) by John Maynard Keynes is a critique of the Treaty of Versailles imposed on Germany after World War I. Keynes argues that the treaty's harsh reparations and territorial losses would devastate Germany's economy destabilize Europe and ultimately lead to political and social unrest. He warns that punishing Germany instead of rebuilding Europe would undermine long-term peace-a prediction later seen as tragically accurate in the lead-up to World War II.</span></p><p></p><p></p><p></p><p></p>