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    Summary of Zachary D. Carter's The Price of Peace
    Summary of Zachary D. Carter's The Price of Peace
    Summary of Zachary D. Carter's The Price of Peace
    Ebook93 pages1 hour

    Summary of Zachary D. Carter's The Price of Peace

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    Get the Summary of Zachary D. Carter's The Price of Peace in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: At the dawn of World War I, a young academic named John Maynard Keynes hastily folded his long legs into the sidecar of his brother-in-law’s motorcycle for an odd, frantic journey that would change the course of history. Swept away from his placid home at Cambridge University by the currents of the conflict, Keynes found himself thrust into the halls of European treasuries to arrange emergency loans and packed off to America to negotiate the terms of economic combat. The terror and anxiety unleashed by the war would transform him from a comfortable obscurity into the most influential and controversial intellectual of his day—a man whose ideas still retain the power to shock in our own time.

    Keynes was not only an economist but the preeminent anti-authoritarian thinker of the twentieth century, one who devoted his life to the belief that art and ideas could conquer war and deprivation. As a moral philosopher, political theorist, and statesman, Keynes led an extraordinary life that took him from intimate turn-of-the-century parties in London’s riotous Bloomsbury art scene to the fevered negotiations in Paris that shaped the Treaty of Versailles, from stock market crashes on two continents to diplomatic breakthroughs in the mountains of New Hampshire to wartime ballet openings at London’s extravagant Covent Garden.

    LanguageEnglish
    PublisherIRB Media
    Release dateDec 9, 2021
    ISBN9781669343349
    Summary of Zachary D. Carter's The Price of Peace
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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      Book preview

      Summary of Zachary D. Carter's The Price of Peace - IRB Media

      Insights on Zachary D. Carter's The Price of Peace

      Contents

      Insights from Chapter 1

      Insights from Chapter 2

      Insights from Chapter 3

      Insights from Chapter 4

      Insights from Chapter 5

      Insights from Chapter 6

      Insights from Chapter 7

      Insights from Chapter 8

      Insights from Chapter 9

      Insights from Chapter 10

      Insights from Chapter 11

      Insights from Chapter 12

      Insights from Chapter 13

      Insights from Chapter 14

      Insights from Chapter 15

      Insights from Chapter 16

      Insights from Chapter 17

      Insights from Chapter 18

      Insights from Chapter 19

      Insights from Chapter 1

      #1

      John Maynard Keynes was in love with a Russian ballet dancer named Lydia Lopokova. She was too young for him, and he was too old for her, but they made a perfect match in terms of personality and intellect.

      #2

      The war had shattered the illusion of a unified humanity, and its bitter aftermath seemed to show that the golden years of Maynard’s youth had been little more than the trivial diversions of the British leisure class at the apex of British colonial hegemony.

      #3

      In 1919, the world was still feeling the effects of the Great War. In an attempt to rebuild the world’s economy, a group of bankers and government officials met in Genoa to discuss interest and principal rates.

      #4

      The main purpose of the conference was to discuss the war debts that had been accumulating since the end of World War I. However, Britain and France insisted that the Soviet Union had to acknowledge the validity of the tsarist government’s financial contracts before they would participate in the negotiations.

      #5

      The Genoa Conference saw the international community come together to try and help the Russian people, but ended up only making matters worse.

      #6

      Keynes spent his life fighting against economic doctrines that he felt led to world wars. His best-known work, The General Theory of Employment, Interest and Money, was a frontal assault on economic doctrines that led to world wars.

      #7

      The General Theory of Employment, Interest, and Money by John Maynard Keynes is a book that has greatly affected the world in which we live.

      #8

      The American economist John Kenneth Galbraith was more interested in using Keynesian ideas to combat the effects of the American empire, but he was often constrained by the political limitations of the United States.

      Insights from Chapter 2

      #1

      The world was in the fifth day of the most violent financial crisis it had ever experienced, and England was at the center of it all.

      #2

      In the early 20th century, the world saw a cultural and technological explosion. London was at the center of this, becoming one of the biggest cities on the planet. The system London oversaw had remarkable stability, with trading accounts between nations being balanced and capital flows being predictable.

      #3

      On July 28, 1914, the Austro-Hungarian Empire declared war on Serbia, and as other empires joined in on the side of either Germany or Austria, the City of London, which was home to many financial firms, was bombarded with financial problems.

      #4

      The Bank of England was the central bank for the entire British Empire, and therefore had great political influence. It was also responsible for managing the country’s currency system, which at the time was tied to the gold standard.

      #5

      The Bank of England nearly tripled the interest rate to 10 percent in an attempt to stop the outflow of gold, but it was already too late. The Bank of England lost two-thirds of its gold reserves in just three days as financiers cashed in anything they could for gold, fearing for their own solvency.

      #6

      Keynes was an unlikely choice to lead the British economy out of the Great Depression, as he was largely ignored by the public and hadn’t accomplished much of note up to that point.

      #7

      In the summer of 1914, when the world was thrown into a tailspin by the assassination of Archduke Franz Ferdinand, an economist by the name of John Maynard Keynes was summoned to the Imperial War Cabinet to provide economic advice.

      #8

      The bankers had a secret plan to save the banks by cutting off gold payments to foreign customers, banks, and governments. But when

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