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The Economic Consequences of the Peace was created in 1919.

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The Economic Consequences of the Peace, written by John Maynard Keynes in 1919, critiques the harsh reparations imposed on Germany by the Treaty of Versailles after World War I. Keynes argued that these reparations would cripple the German economy, leading to widespread suffering and instability across Europe. He predicted that such punitive measures would ultimately hinder economic recovery and foster resentment, paving the way for future conflict. His insights highlighted the interconnectedness of economies and the dangers of punitive peace settlements.


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