Weimar Republic's Versailles Millstone

From The Weimar Years: Rise and Fall 1918–1933, by Frank McDonough (Bloomsbury, 2023), Kindle pp. 126-127, 147-149:

On 28 June 1919, the Treaty of Versailles was signed, exactly five years after the assassination of the Archduke Franz Ferdinand, the spark that led to the outbreak of the First World War. It was signed in the Hall of Mirrors of the Palace of Versailles where 48 years before the German Empire had been proclaimed. The treaty was ratified by a vote in the German National Assembly by 209 to 116 on 9 July. The politicians who signed the treaty on behalf of Germany were the Social Democrat Hermann Müller, and Johannes Bell of Zentrum.

The Treaty of Versailles was a staggering blow to the Weimar Republic. Instead of using their power to assist the embryonic democracy in Germany, the Allies treated its leaders as no different from Kaiser Wilhelm. Hatred towards those who had signed the treaty spread widely in the population, especially on the nationalist Right. The myth of the ‘stab in the back’ now made rapid headway. The leaders of German democracy were depicted by the Right as cowards and traitors under the umbrella term the ‘November Criminals’ and were blamed by the public for all the misfortunes that followed.

There was a huge contrast between the political and economic distress of the Weimar years and the vibrant culture of the period. Yet what is now routinely called ‘Weimar culture’ is by no means the posthumous glorification of a world destroyed. Many aspects of Weimar culture really were years ahead of their time. That culture not only encompassed film, literature, modern art, architecture, design, literature, drama, poetry, and cabaret, but also displayed path-breaking attitudes towards sexuality.

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On 12 December, the leading British economist John Maynard Keynes launched a blistering attack on the Treaty of Versailles in his best-selling book The Economic Consequences of The Peace. Keynes, who became the most influential economist of the twentieth century, had attended the Paris Peace Conference, as a senior delegate of the British Treasury, but he was so appalled by the injustice the Germans had suffered in the Treaty of Versailles that he had resigned in despair, on 7 June 1919. His book was full of flashing insights and indignation, which laid out clearly the economic crisis facing Europe by explaining what the Treaty had failed to do, and what the consequences would be. Keynes pulled no punches and upset many people. He famously described the Versailles Treaty as a ‘Carthaginian Peace’ – a peace that has the intention of crushing the defeated enemy.

Keynes further argued that the Allies, blinded by self-interest, were determined to punish rather than to rehabilitate Germany. The Versailles Treaty offered nothing to make Germany a ‘good neighbour’, and had conceded far too much to the vengeful spirit of the French government, which wanted to keep Germany weak. It imposed impossible terms on Germany which would soon plunge Europe into economic chaos. The demand for reparations was way beyond what Germany could afford to pay. Keynes also warned the territorial provisions of Versailles would lead to future foreign policy disputes. He blamed the ‘idealist’ US President, Woodrow Wilson, whom he described as a ‘blind and deaf Don Quixote’, for being unable to produce a peace settlement based on his Fourteen Points, which it had been promised during the Armistice negotiations would give Germany a ‘just peace’ with no ‘punitive damages’.

Keynes predicted the economic demands on Germany would cause high inflation and economic stagnation, which would spread throughout Europe. The Treaty of Versailles had to be modified, not just for the sake of Germany, but for the benefit of the world economy. It would damage the conditions for economic recovery and sow the seeds for another world war. In his persuasively argued and deeply influential book, Keynes laid the foundation for the failure of the American Senate to ratify the Treaty of Versailles, and he also helped to create a climate of public opinion in which Germany’s demands for a revision of the terms of the treaty met with a sympathetic response, especially in Britain. Here was sowed the seeds of the policy of appeasement.