John Maynard Keynes was born on 5 June 1883 in Cambridge. A British economist, Keynes became famous for criticizing the punitive Treaty of Versailles in The Economic Consequences of the Peace, written after he left the British delegation in 1919. His General Theory of Employment, Interest and Money, published in 1936, argued that economies can remain stuck in prolonged unemployment and that governments should raise spending to boost demand in downturns. These ideas reshaped economic policy after the Great Depression and underlie Keynesian economics. He represented Britain at the 1944 Bretton Woods conference that created the International Monetary Fund and the World Bank. A member of the Bloomsbury Group, he also invested successfully and supported the arts.
Before and after
- from May 1883 to December 1885First Madagascar expedition
- 16 May 1883Birth of Celâl Bayar
- 24 May 1883Construction of Brooklyn Bridge
- from 5 June 1883 to 14 December 2009Orient Express
- 5 June 1883Birth of John Maynard Keynes
- 15 June 1883Bismarck introduces the first national health insurance
- 3 July 1883Birth of Franz Kafka
- 29 July 1883Birth of Benito Mussolini
- 12 August 1883The last quagga dies in Amsterdam
More in Society, economy & sport
- c. 1800sRise of nationalism
- 17 February 1863Founding of International Red Cross and Red Crescent Movement
- 1885Founding of Stanford University
- 1 November 1897Founding of Juventus FC
- 1 January 1901Founding of Australia
- 21 May 1904Founding of FIFA
The era
This moment belongs to the Industrial era (1760 CE to 1914 CE), steam, factories and revolutions. You can also browse everything in the 19th century.