In the years 1919-1932 the views of John Maynard Keynes were ignored Explain whether you agree or disagree with this view.
“In the years 1919-1932 the views of John Maynard Keynes were ignored”
Explain whether you agree or disagree with this view.
Keynes was a British economist who had many ideas and theories based on the War. In this essay I am going to explain the different ways John Maynard Keynes was ignored and also how he was not ignored. To some extent John Maynard Keynes was ignored in the period of 1919-1932. This is true to an extent.
John Maynard Keynes was ignored during the Paris peace Treaty in 1919. He resigned his position and described the Treaty Of Versailles conference by saying ‘Paris was a nightmare’. After looking at the ‘bigger picture’ Keynes realised that Germany wouldn’t be able to pay a huge amount of reparations and suggested a reparation fee. Keynes believed the conference lacked an extreme amount of economic common sense and the treaty was based solely based on political terms as opposed to economical. Due to the treaty being politically decided, Germany was fined 6.6 billion pounds. Keynes had worked out that Germany at her peak would only be able to pay a third of the fine (2.2billion), however promises by other leaders like Lloyd George promised to squeeze and punish Germany as much as they could. This is an example of how Keynes was ignored in the years 1919-1932.
