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Money and Security: Troops, Monetary Policy, and West Germany's Relations with the United States and Britain, 1950-1971 (Publications of the German Historical Institute)
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ISBN
:
9780521782043
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Publisher
:
Cambridge University Press
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Subject
:
Economics, Business & Management, History
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Binding
:
HARDCOVER
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Pages
:
292
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Year
:
2002
₹
4362.0
₹
4362.0
4362.0
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Description
This study links two fundamental political structures of the Cold War era, the transatlantic security system and the international monetary system. Centralto this issue is a problem that soured relations among the Federal Republic and its major allies from the 1950s to the 1970s: Who was to bear the enormous cost of British and American troops in Germany? Both Washington and London identified this cost as a major reason for the decline of the pound and the dollar, whereas Germany reluctantly paid and traded "Money for Security", a fundamental pattern of its postwar foreign policy.
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