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“1929”

In: Many Possible Worlds

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  • Cameron Gordon

    (Australian National University)

Abstract

A young economist working at the UK Treasury on war finance ended up attending the 1919 Peace Conference in Versailles. His name was John Maynard Keynes and he was appalled at the terms of the treaty he saw being drawn up. He felt that it was economically unsustainable and would lead to trouble later on. Not all agreed with his particular arguments, but in retrospect it is clear that the end of the First World War left a world economic and geopolitical order that was deeply dysfunctional. The Great Depression that followed a mere ten years after the end of the “Great War” was a sign of how much this was so and also was seen by many as a broader indictment of both Capitalism and Liberalism.

Suggested Citation

  • Cameron Gordon, 2023. "“1929”," Springer Books, in: Many Possible Worlds, chapter 0, pages 495-529, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-9281-0_18
    DOI: 10.1007/978-981-19-9281-0_18
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