1. WWI: THE TERMS OF PEACE

2. How did the war end?  Russian Revolution of 1917 forced Russia to exit war  America joined to safeguard democracy in 1917  Germany signed an armistice in Nov. 1918

3. The Paris Peace Conference  Allies now face task of arranging peace terms at the Paris Peace Conference  Conflicting viewpoints create long negotiations

4. The Paris Peace Conference  Eventually, separate treaties made with each Central Power country  Stripped away substantial territories  Imposed heavy reparations  Germany received harshest punishment & was forced to take blame for the war; penalties outlined in Treaty of Versailles

5. Early Critics of the Terms of Peace  John Maynard Keynes, English Economist, believes the treaty will bring economic ruin to Europe  The Economic Consequence of the Peace, 1920  “The treaty includes no provisions for the economic rehabilitation of Europe, - nothing to make the defeated Central Empires into good neighbors, nothing to stabilize the new states of Europe, nothing to reclaim Russia; nor does it promote in any way a compact of economic solidarity amongst the Allies themselves; no arrangement was reached at Paris for restoring the disordered finances of France and Italy, or to adjust the systems of the Old World and the New.”

6. Early Critics of the Terms of Peace  Other critics believed the treaty sowed the seeds of future war…

7. Historians began to debate…  Was Germany really responsible for starting the war?