Were the peace treaties of 1919-1923 fair?
The effects of the First World War
- Large areas of northern France and Belgium were in ruins.
- The Governments of Germany and Austria-Hungary had collapsed. These countries were defeated and exhausted.
- The victorious powers were also exhausted. Britain and Frane were almost bankrupt. Only the USA was in a strong financial position.
- Many people in Britain and France felt that Germany was responsible for starting the war and should be severly punished…