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
The special position occupied by Belgium in the popular mind is due, of
course, to the fact that in 1914 her sacrifice was by far the greatest
of any of the Allies. But after 1914 she played a minor rÙle.
Consequently, by the end of 1918, her relative sacrifices, apart from
those sufferings from invasion which cannot be measured in money, had
fallen behind, and in some respects they were not even as great, for
example, as Australia's. I say this with no wish to evade the
obligations towards Belgium under which the pronouncements of our
responsible statesmen at many different dates have certainly laid us.
Great Britain ought not to seek any payment at all from Germany for
herself until the just claims of Belgium have been fully satisfied. But
this is no reason why we or they should not tell the truth about the
amount.
While the French claims are immensely greater, here too there has been
excessive exaggeration, as responsible French statisticians have
themselves pointed out. Not above 10 per cent of the area of France was
effectively occupied by the enemy, and not above 4 per cent lay within
the area of substantial devastation. Of the sixty French towns having a
population exceeding 35,000, only two were destroyed--Reims (115,178)
and St. Quentin (55,571); three others were occupied--Lille, Roubaix,
and Douai--and suffered from loot of machinery and other property, but
were not substantially injured otherwise. Amiens, Calais, Dunkerque, and
Boulogne suffered secondary damage by bombardment and from the air; but
the value of Calais and Boulogne must have been increased by the new
works of various kinds erected for the use of the British Army.
Public-domain text, read in full here on John Shaqi.
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