Basra University organizes a panel discussion on (John Maynard Keynes and his role in shaping the international economic system 1883-1946, a historical study)
The College of Education for Human Sciences at the University of Basra organized a panel discussion on (John Maynard Keynes and his role in shaping the international economic system, 1883-1946, a historical study).
The seminar, in which the doctoral graduate student (Abbas Fenjan Saddam) lectured, aims to shed light on the subject of the study, which came under the title ((John Maynard Keynes and his role in shaping the international economic system 1883-1946 historical study)), by highlighting the different aspects of Keynes’s personality, where he was The environment in which he was born played a major role in highlighting his personality as one of the most prominent economists in the world, as his father was a well-known economist and academic at Cambridge University, as well as his upbringing, which was an aristocratic education that qualified him to become the most prominent economist hired by Britain during the two wars to finance its war effort.
The episode dealt with the most prominent economic ideas of Keynes when he was a university student, whom the British considered an economic thinker who had the greatest role in moving the British economy to advanced stages because of his experience that came from his assumption of many administrative positions, the most important of which was the adviser to the British Treasury during the First World War, and his participation in negotiations Peace in 1919 as a representative of the British Treasury, where he condemned the provisions of the Treaty of Versailles, which neglected the economic aspect. After which he resigned and began working on rebuilding and reconstructing Europe after the war through his work as an advisor to some economic committees, as well as through his proposals and ideas that were embodied in a book and theory called the 1923 Monetary Reform Theory, which was the basis for the development of a new monetary system for Europe to save it from the scourge of wars.
The episode also touched on his great role in dealing with the conditions of Britain in particular and Europe in general during the global economic crisis in 1929. Keynes also presented the theory of the New Deal that rescued the United States of America from the economic crisis in 1929 and then went on to issue his Keynesian economic theory in 1936, which is the basis of the economic system between the two wars .
During the Second World War, the monetary system witnessed a great collapse and turmoil, which negatively affected all aspects of life, especially the political, military and social ones. Therefore, it became imperative to establish a global monetary system that would achieve full satisfaction and establish a solid framework for international interaction, and this was embodied in the Breton Conference. Woods in 1943-1944, who laid the foundation stone for the establishment of a financial fund that would provide economic aid and loans, as John Keynes was the chief British negotiator in the negotiations to establish the International Monetary Fund during World War II. Accordingly, the study was divided into an introduction, four chapters and a conclusion, followed by a list of the most important sources obtained by the researcher.
