Detlev Peukert interwar period millenarian hopes Allies of World War I German Reich rapprochement Gustav Stresemann autarky Great Depression Europe Weimar Republic peace treaty World War I German Versailles
The German historian Detlev Peukert wrote that Versailles was far from the impossible peace that most Germans claimed it was during the interwar period, and though not without flaws was actually quite reasonable to Germany. Rather, Peukert argued that it was widely believed in Germany that Versailles was a totally unreasonable treaty, and it was this "perception" rather than the "reality" of the Versailles treaty that mattered. Peukert noted that because of the "millenarian hopes" created in Germany during World War I when for a time it appeared that Germany was on the verge of conquering all of Europe, any peace treaty the Allies of World War I imposed on the defeated German Reich were bound to create a nationalist backlash, and there was nothing the Allies could have done to avoid that backlash. Having noted that much, Peukert commented that the policy of rapprochement with the Western powers that Gustav Stresemann carried out between 1923 and 1929 were constructive policies that might have allowed Germany to play a more positive role in Europe, and that it was not true that German democracy was doomed to die in 1919 because of Versailles. Finally, Peukert argued that it was the Great Depression and the turn to a nationalist policy of autarky within Germany at the same time that finished off the Weimar Republic, not the Treaty of Versailles.
