Lord Cunliffe, Lloyd George, reparations and reputations at the Paris peace conference, 1919

This paper reexamines the role of Lord Cunliffe, traditionally cast (by Lloyd George, among others) as one of the villains of the Paris Peace Conference for his extremism on reparations. It argues that Lloyd George used Cunliffe as a stalking-horse to conceal his own intention of exacting maximum reparations in the face of American opposition. Lloyd George's refusal to agree a final sum, despite the pleas of almost all his senior colleagues, reflected both Cunliffe's advice and his own fears of underestimating Germany's capacity by setting too low a figure, which would be largely consumed by French claims.