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1919: Keynes predicts economic chaos


On June 28, 1919, the day that the Treaty of Versailles is signed in Paris, John Maynard Keynes warns that the war reparations imposed on Germany in the punitive agreement would cause worldwide economic havoc. When catastrophic German inflation and a world depression proved him right, Keynes advocated government spending to create employment. A brilliant economist, the eventual establishment of the International Monetary Fund and the World Bank owed much to his ideas.

1990

In Britain, Prince Charles breaks his right arm after falling from his pony during a game of polo.

1986

British group Wham play their farewell concert at Wembley Stadium in London.

1956

The hit musical film The King and I starring Yul Brynner goes on general release throughout the Unites States of America.

1950

The United States football team, mostly containing part-timers, causes a World Cup upset by beating England 1-0 during the World Cup group matches in Brazil.

1950

North Korean troops capture Seoul.

1935

The first 'Rupert Bear' cartoon appears in the Daily Express newspaper - drawn by Albert Bestall who had taken over from the character's creator, Mary Tourtel.

1930

In Britain, Mick the Miller becomes the first dog to win the Greyhound Derby for a second time.

1930

English engineer Frank Whittle patents the jet engine.

1919

Germany and the Allies sign the Peace Treaty of Versailles - officially ending the First World War.

1914

Archduke Franz Ferdinand, heir to the Austrian throne and his wife, Sophie, are assassinated in the Bosnian town of Sarajevo by terrorist Gavrillo Princip.

1905

Unrest spreads through the Russian Navy following a mutiny by sailors on board the Russian battleship Potemkin.

1902

US Congress passes the Isthmian Canal Act which authorises the President to buy the rights of the French Panama Company and to acquire from Colombia perpetual control of the canal zone.

1838

Queen Victoria is crowned Queen of England at Westminster Abbey in London at the age of 19.

1682

Champagne is invented by Dom Perignon - a blind Benedictine cellerman at Hautevilliers Abbey.

1928

English journalist Harold Evans.

1926

American comedian and film director Mel Brookes.

1902

American songwriter Richard Rodgers.

1902

US bank robber John Dillinger - declared Public Enemy Number One.

1491

Birth of King Henry VIII of England.

1976

British actor Stanley Baker aged 49.

1958

British poet and writer Alfred Noyes.

1914

Archduke Franz Ferdinand, heir to the Austrian throne and his wife, Sophie, are assassinated in the Bosnian town of Sarajevo by terrorist Gavrillo Princip.

1836

James Madison, 4th President of the United States of America (1809-1817).