The Economic Consequences of the Peace John Maynard Keynes Carthaginian peace revanchism Woodrow Wilson Fourteen Points armistice Versailles President German
In his book The Economic Consequences of the Peace, John Maynard Keynes referred to the Treaty of Versailles as a "Carthaginian peace", a misguided attempt to destroy Germany on behalf of French revanchism, rather than to follow the fairer principles for a lasting peace set out in President Woodrow Wilson's Fourteen Points, which Germany had accepted at the armistice.