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The Economic Consequences of the Peace (Archive Episode)

In Our Time

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Reparations and Economic Tensions Post-WWI

This chapter explores the complicated financial negotiations regarding reparations after World War I, focusing on Germany's obligations and international loans. It highlights the absurdity of the financial system, where German loans funded reparations, generating resentment and political movements in Germany. The discussion also reflects on Maynard Keynes's evolving perspective on the necessity for economic collaboration and the missed opportunities by the Allies in shaping a stable post-war Europe.

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