World War I officially ended with the signing<span> of the </span>Treaty of Versailles<span> on June 28, 1919. Negotiated among the Allied powers with little participation by Germany, its 15 parts and 440 articles reassigned German boundaries and assigned liability for reparations.</span>
Decolonization allowed a nation to establish and maintain independent territories.
The correct answer is Keynes.
Keynes supported free markets but as long as these were regulated by state intervention in order to soften the peaks and troughs in the business cycle. Therefore, in his opinion, the three economic questions (what to produce, how and for whom) should be answered by the economic agents in the markets, but always under the supervision of the state.
Smith was an advocate of free markets and of supressing state interventionism. On the other hand, Marx was in favour of massive intervention of the state because he considered markets to produce un unfair distribution of wealth in the states, where the richer ones exploited the poor.
