Gold, Dollars, and Power: The Politics of International Monetary Relations, 1958-1971

Author:   Francis J. Gavin
Publisher:   The University of North Carolina Press
Edition:   New edition
ISBN:  

9780807859001


Pages:   280
Publication Date:   01 November 2007
Format:   Paperback
Availability:   In Print   Availability explained
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Gold, Dollars, and Power: The Politics of International Monetary Relations, 1958-1971


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Overview

This book describes how four U.S. administrations struggled with the legacy of Bretton Woods.How are we to understand the politics of international monetary relations since the end of World War II? Exploiting recently declassified documents from both the United States and Europe and employing economic analysis and international relations theory, Francis Gavin offers a compelling reassessment of the Bretton Woods system of fixed exchange rates and dollar-gold convertibility.Gavin demonstrates that, contrary to the conventional wisdom, Bretton Woods was a highly politicized system that was prone to crisis and required constant intervention and controls to continue functioning. More important, postwar monetary relations were not a salve to political tensions, as is often contended. In fact, the politicization of the global payments system allowed nations to use monetary coercion to achieve political and security ends, causing deep conflicts within the Western Alliance. For the first time, Gavin reveals how these rifts dramatically affected U.S. political and military strategy during a dangerous period of the Cold War.

Full Product Details

Author:   Francis J. Gavin
Publisher:   The University of North Carolina Press
Imprint:   The University of North Carolina Press
Edition:   New edition
Dimensions:   Width: 15.60cm , Height: 2.00cm , Length: 23.50cm
Weight:   0.484kg
ISBN:  

9780807859001


ISBN 10:   0807859001
Pages:   280
Publication Date:   01 November 2007
Audience:   College/higher education ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

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Reviews

Gavin has produced an excellent study of the relationship between international finance and national security policy during the first half of the Cold War. It is the history of political economy at its best. Gavin has produced an excellent study of the relationship between international finance and national security policy during the first half of the Cold War. It is the history of political economy at its best.(Randall Bennett Woods, University of Arkansas) Gavin's book represents a sophisticated effort to integrate international economic events, political science theories, and diplomatic history. It rests on extensive research in American and European archival sources and documents. It offers rich detail on competing bureaucratic interests in four presidential administrations. And, it responds to scholars who believe the Bretton Woods system was an instrument of a post-World War II American empire. -- The Journal of American History Policymakers and academics can learn important lessons from Gold, Dollars, and Power about the possibilities and limits of international monetary diplomacy in a global economy. -- International Journal Gavin_s book represents a sophisticated effort to integrate international economic events, political science theories, and diplomatic history. It rests on extensive research in American and European archival sources and documents. It offers rich detail on competing bureaucratic interests in four presidential administrations. And, it responds to scholars who believe the Bretton Woods system was an instrument of a post-World War II American empire. - The Journal of American History Gavinas book represents a sophisticated effort to integrate international economic events, political science theories, and diplomatic history. It rests on extensive research in American and European archival sources and documents. It offers rich detail on competing bureaucratic interests in four presidential administrations. And, it responds to scholars who believe the Bretton Woods system was an instrument of a post-World War II American empire. -- The Journal of American History


Policymakers and academics can learn important lessons from Gold, Dollars, and Power about the possibilities and limits of international monetary diplomacy in a global economy. <br> -- International Journal


Author Information

FRANCIS J. GAVIN is assistant professor in the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin. He is editor of The New York Times Twentieth Century in Review: The Cold War and coeditor of The Presidential Recordings: John F. Kennedy: The Great Crises, volumes 1-2.

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