The Economic Consequences of the Peace

Focusing on the aftermath of World War I, the book critiques the Versailles Treaty, which Keynes viewed as excessively punitive. His arguments for a more lenient peace gained significant traction, shaping public opinion against the treaty and the League of Nations. The perception of unfair treatment towards Germany influenced British support for appeasement. This influential work solidified Keynes' status as a leading economist and informed his later contributions to the Bretton Woods system and the Marshall Plan, reflecting lessons learned from the past.