The Economic Consequences of the PeaceKeynes, John Maynard
History
The Economic Consequences of the Peace
Keynes, John Maynard
Economic history -- 1918-1945; Treaty of Versailles (1919 June 28); World War, 1914-1918 -- Economic aspects
In those parts of the Treaty with which I am here concerned, the lead
was taken by the French, in the sense that it was generally they who
made in the first instance the most definite and the most extreme
proposals. This was partly a matter of tactics. When the final result is
expected to be a compromise, it is often prudent to start from an
extreme position; and the French anticipated at the outset--like most
other persons--a double process of compromise, first of all to suit the
ideas of their allies and associates, and secondly in the course of the
Peace Conference proper with the Germans themselves. These tactics were
justified by the event. Clemenceau gained a reputation for moderation
with his colleagues in Council by sometimes throwing over with an air of
intellectual impartiality the more extreme proposals of his ministers;
and much went through where the American and British critics were
naturally a little ignorant of the true point at issue, or where too
persistent criticism by France's allies put them in a position which
they felt as invidious, of always appearing to take the enemy's part and
to argue his case. Where, therefore, British and American interests were
not seriously involved their criticism grew slack, and some provisions
were thus passed which the French themselves did not take very
seriously, and for which the eleventh-hour decision to allow no
discussion with the Germans removed the opportunity of remedy.
But, apart from tactics, the French had a policy. Although Clemenceau
might curtly abandon the claims of a Klotz or a Loucheur, or close his
eyes with an air of fatigue when French interests were no longer
involved in the discussion, he knew which points were vital, and these
he abated little. In so far as the main economic lines of the Treaty
represent an intellectual idea, it is the idea of France and of
Clemenceau.
Clemenceau was by far the most eminent member of the Council of Four,
and he had taken the measure of his colleagues. He alone both had an
idea and had considered it in all its consequences. His age, his
character, his wit, and his appearance joined to give him objectivity
and a, defined outline in an environment of confusion. One could not
despise Clemenceau or dislike him, but only take a different view as to
the nature of civilized man, or indulge, at least, a different hope.
Public-domain text, read in full here on John Shaqi.
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