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'On June 5, 1919, just three weeks shy of the signing of the Treaty of Versailles, British Treasury representative John Maynard Keys submitted his letter of resignation to British Prime Minister David Lloyd George. “I’ve gone on hoping even through these last dreadful weeks,” he wrote, “that you’d find some way to make of the Treaty a just and expedient document. But now it’s apparently too late. The battle is lost.” With his resignation tendered, Keynes promptly fled the Paris Peace Conference (PPC) and retired to Cambridge. There, he spent the summer writing The Economic Consequences of the Peace, his scathing and prophetic critique of the PPC negotiations and the Treaty’s reparation terms. The first paragraph of the “Introductory” chapter conveys Keynes’s dissatisfaction in no uncertain terms: “The spokesmen of the French and British peoples have run the risk of completing the ruin, which Germany began, by a Peace which, if it is carried into effect, must impair yet further, when it might have restored, the delicate, complicated organization, already shaken and broken by war, through which alone the European peoples can employ themselves and live.”'

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