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A sweeping historical past of the drama, intrigue, and rivalry behind the creation of the postwar financial order
When turmoil strikes world financial and monetary markets, leaders invariably name for ‘a brand new Bretton Woods’ to stop catastrophic financial dysfunction and defuse political battle. The identify of the distant New Hampshire city the place representatives of forty-four nations gathered in July 1944, within the midst of the century’s second nice battle, has develop into shorthand for enlightened globalization. The precise story surrounding the historic Bretton Woods accords, nonetheless, is filled with startling drama, intrigue, and rivalry, that are vividly dropped at life in Benn Steil’s epic account.
Upending the traditional knowledge that Bretton Woods was the product of an amiable Anglo-American collaboration, Steil exhibits that it was in actuality a part of a way more bold geopolitical agenda hatched inside President Franklin D. Roosevelt’s Treasury and aimed toward eliminating Britain as an financial and political rival. On the coronary heart of the drama had been the antipodal characters of John Maynard Keynes, the famend and revolutionary British economist, and Harry Dexter White, the dogged, self-made American technocrat. Bringing to bear new and hanging archival proof, Steil presents essentially the most compelling portrait but of the complicated and controversial determine of White―the architect of the greenback’s privileged place within the Bretton Woods financial system, who additionally, very privately, admired Soviet financial planning and engaged in clandestine communications with Soviet intelligence officers and brokers over a few years.
A remarkably deft work of storytelling that reveals how the blueprint for the postwar financial order was really drawn, The Battle of Bretton Woods is destined to develop into a traditional of financial and political historical past.
ASIN : 0691162379
Writer : Princeton College Press
Publication date : March 23, 2014
Language : English
Print size : 480 pages
ISBN-10 : 9780691162379
ISBN-13 : 978-0691162379
Merchandise Weight : 15 ounces
Dimensions : 5.5 x 1.25 x 8.5 inches
A part of collection : Council on International Relations
Finest Sellers Rank: #153,345 in Books (See Prime 100 in Books) #55 in Worldwide Economics (Books) #117 in Cash & Financial Coverage (Books) #189 in Financial Historical past (Books)
Buyer Opinions: 4.4 4.4 out of 5 stars 464 rankings var dpAcrHasRegisteredArcLinkClickAction; P.when(‘A’, ‘prepared’).execute(operate(A) { if (dpAcrHasRegisteredArcLinkClickAction !== true) { dpAcrHasRegisteredArcLinkClickAction = true; A.declarative( ‘acrLink-click-metrics’, ‘click on’, { “allowLinkDefault”: true }, operate (occasion) { if (window.ue) } ); } }); P.when(‘A’, ‘cf’).execute(operate(A) { A.declarative(‘acrStarsLink-click-metrics’, ‘click on’, { “allowLinkDefault” : true }, operate(occasion){ if(window.ue) }); });
Clients say
Clients discover this e-book to be a superb work of historic investigation that gives a captivating interval of financial historical past. Furthermore, the writing is well-suited for the layman, and prospects recognize the way it brings real-world characters to life. Moreover, the e-book presents nice element and a novel mix of financial economics, making it worthwhile for these within the topic. Nonetheless, the narrative high quality receives combined suggestions, with some prospects discovering it partaking whereas others discover it complicated.