John Maynard Keynes, then a rising young economist, participated in the Paris Peace Conference in 1919 as chief representative of the British Treasury and advisor to Prime Minister David Lloyd George. He resigned after desperately trying and failing to reduce the huge demands for reparations being made on Germany. The Economic Consequences of the Peace is Keynes' brilliant and prophetic analysis of the effects that the peace treaty would have both on Germany and, even more fatefully, the world.

Signed on June 28, 1919 between Germany and the principal Allied powers, the Treaty of Versailles formally ended World War I. Problematic from the very beginning, even its contemporaries saw the treaty as a mediocre compromise, creating a precarious order in Europe and abroad and destined to fall short of ensuring lasting peace. At the time, observers read the treaty through competing lenses: a desire for peace after five years of disastrous war, demands for vengeance against Germany, the uncertain future of colonialism, and, most alarmingly, the emerging threat of Bolshevism. A century after its signing, we can look back at how those developments evolved through the twentieth century, evaluating the treaty and its consequences with unprecedented depth of perspective. The author of several award-winning books, Michael S. Neiberg provides a lucid and authoritative account of the Treaty of Versailles, explaining the enormous challenges facing those who tried to put the world back together after the global destruction of the World War I. Rather than assessing winners and losers, this compelling book analyzes the many subtle factors that influenced the treaty and the dominant, at times ambiguous role of the “Big Four” leaders?Woodrow Wilson of the United States, David Lloyd George of Great Britain, Vittorio Emanuele Orlando of Italy, and Georges Clémenceau of France. The Treaty of Versailles was not solely responsible for the catastrophic war that crippled Europe and the world just two decades later, but it played a critical role. As Neiberg reminds us, to understand decolonization, World War II, the Cold War, and even the complex world we inhabit today, there is no better place to begin than with World War I and the treaty that tried, and perhaps failed, to end it.

A landmark work of narrative history, Paris 1919 is the first full-scale treatment of the Peace Conference in more than twenty-five years. It offers a scintillating view of those dramatic and fateful days when much of the modern world was sketched out, when countries were created—Iraq, Yugoslavia, Israel—whose troubles haunt us still. Winner of the Samuel Johnson Prize • Winner of the PEN Hessell Tiltman Prize • Winner of the Duff Cooper Prize Between January and July 1919, after “the war to end all wars,” men and women from around the world converged on Paris to shape the peace. Center stage, for the first time in history, was an American president, Woodrow Wilson, who with his Fourteen Points seemed to promise to so many people the fulfillment of their dreams. Stern, intransigent, impatient when it came to security concerns and wildly idealistic in his dream of a League of Nations that would resolve all future conflict peacefully, Wilson is only one of the larger-than-life characters who fill the pages of this extraordinary book. David Lloyd George, the gregarious and wily British prime minister, brought Winston Churchill and John Maynard Keynes. Lawrence of Arabia joined the Arab delegation. Ho Chi Minh, a kitchen assistant at the Ritz, submitted a petition for an independent Vietnam. For six months, Paris was effectively the center of the world as the peacemakers carved up bankrupt empires and created new countries. This book brings to life the personalities, ideals, and prejudices of the men who shaped the settlement. They pushed Russia to the sidelines, alienated China, and dismissed the Arabs. They struggled with the problems of Kosovo, of the Kurds, and of a homeland for the Jews. The peacemakers, so it has been said, failed dismally; above all they failed to prevent another war. Margaret MacMillan argues that they have unfairly been made the scapegoats for the mistakes of those who came later. She refutes received ideas about the path from Versailles to World War II and debunks the widely accepted notion that reparations imposed on the Germans were in large part responsible for the Second World War. Praise for Paris 1919 “It’s easy to get into a war, but ending it is a more arduous matter. It was never more so than in 1919, at the Paris Conference. . . . This is an enthralling book: detailed, fair, unfailingly lively. Professor MacMillan has that essential quality of the historian, a narrative gift.” —Allan Massie, The Daily Telegraph (London)

In the formation of the modern law of nations, peace treaties played a pivotal role. Many basic principles and rules that governed and still govern relations between states were introduced and elaborated in the great peace treaties from the Renaissance onwards. Nevertheless, until recently few scholars have studied these primary sources of the law of nations from a juridical perspective. In this edited collection, specialists from all over Europe, including legal and diplomatic historians, international lawyers and an International Relations theorist, analyse peace treaty practice from the late fifteenth century to the Peace of Versailles of 1919. Important emphasis is given to the doctrinal debate about peace treaties and the influence of older, Roman and medieval concepts on modern practices. This book goes back further in time beyond the epochal Peace of Treaties of Westphalia of 1648 and this broader perspective allows for a reassessment of the role of the sovereign state in the modern international legal order.