Italian and German effects of the paris peace settlements

Keynes

treaties focus on revenge and retribution which would only lead to severe economic, political social repercussions

Norman Stone

harsh terms of the treaties were necessary to prevent rearmament and a potential second world war

Gerhard Ritter

ToV threatened German national unity and pride leading to increased nationalism and fascism

Antonio Vasori

Italy felt a sense of betrayal by other allied powers and combined with the social and economic upheaval as a result of the war created the conditions for the rise of fascism

total reparation payments

£6.6 billion

What were the economic ramifications of the treaties - keynes

the treaty would prevent the rebuilding of the german economy and would cause a chain reaction of economic problems throughout Europe. Germany’s inability to pay reparations would harm the economies of its trading partners

1922 Italy inflation rate

28%

1923 USD to German Reichsmark

1 USD = 1 trillion marks

Territories gained from the Treaty of St Germain

Austro-Hungarian port of Trieste as well as the Dodecanese Islands in the Aegean Sea

Luigi Albertini

Italy benefited economically from the treaties, however reparations wouldn’t be enough to cover the losses experienced from the war