Keynes Predicts Great Depression

On this day in 1919, famous economist John Maynard Keynes left Versailles Peace Conference in France in protest of the Treaty. Keynes predicted that the penalties imposed on the Germany for World War One would not only cripple the country economically, but would in turn lead to economic and political repercussions throughout the world. These predictions held true when the world plunged into an economic depression in the late 1920s.