It is widely believed that the “draconian” terms that the allies imposed on Germany at the end of World War One contributed to the rise of the Nazis and World War Two, and in a sense this is true, but imposing the terms and then retreating from them under pressure is what really caused the rise of the Nazis, as Étienne Mantoux argues in “The Carthaginian Peace: Or the Economic Consequences of Mr Keynes” for more click here