Monday, October 4, 2010

Ninety-Two Years Later....

So, World War One officially ended yesterday with Germany's last payment on it's 132 billion Mark (equivalent to about $382 billion today) reparations required by the Treaty of Versailles.

Interestingly enough, economist John Maynard Keynes quit his job at the British Treasury after the signing of the Versailles Treaty because he thought that the treaty was unfair and the reparations charge too high. Keynes thought that by making the Germans pay so much reparations for the war the German economy would become unstable, which would lead to political instability...

And the rest, as they say, is history.

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