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9

Economic Consequences of European Peace

Lecture no. 9 from the course: Capitalism vs. Socialism: Comparing Economic Systems

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Taught by Professor Edward F. Stuart | 29 min

The end of World War I illustrates one of the iron laws of capitalism: upheavals in one part of the world have repercussions all around it. Understand how the Treaty of Versailles set up harsh terms for a depleted Germany and why shortsighted leadership from the Allied powers led to economic fallout and, eventually, the second World War.