A Search for Solvency

Bretton Woods and the International Monetary System, 1941-1971

Business & Finance, Economics, Money & Monetary Policy, Economic History
Cover of the book A Search for Solvency by Alfred E., Jr. Eckes, University of Texas Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Alfred E., Jr. Eckes ISBN: 9780292772236
Publisher: University of Texas Press Publication: July 3, 2014
Imprint: University of Texas Press Language: English
Author: Alfred E., Jr. Eckes
ISBN: 9780292772236
Publisher: University of Texas Press
Publication: July 3, 2014
Imprint: University of Texas Press
Language: English
Diverted by the dramatic military and political events of July 1944, few Americans realized the significance of an international conference taking place at Bretton Woods, a mountain resort in New Hampshire, far from the battle zones. There United Nations experts were completing plans for a world monetary and financial system that they hoped would create a prosperous, efficient global economy and avert economic tensions that might lead to another world war. Until the dollar crisis of 1971, decisions made at Bretton Woods provided the institutions and rules for international finance. The conference ushered in an era of unprecedented expansion of world trade and prosperity. Based on extensive research in previously unavailable sources, A Search for Solvency relates intriguing and often complicated issues of economic analysis and diplomatic history. It offers a succinct and comprehensive survey of international monetary development from the collapse of the pre–World War I gold standard to the devaluation of the dollar in 1971. In effect, it explains the origins of late twentieth-century global inflation and currency problems. The author details how the ghost of the Great Depression, the failure of monetary reconstruction efforts after World War I, and the memory of the nineteenth-century gold standard guided efforts to construct the Bretton Woods system. This preoccupation with the past, as well as political constraints, produced a monetary system protected against past dangers—fluctuating currencies, controls, and deflation—but dangerously vulnerable to inflationary pressures. The weaknesses of Bretton Woods, a system geared to an era in which economic power was concentrated in the United States, became visible in the 1960s and painfully apparent by the mid-1970s.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Diverted by the dramatic military and political events of July 1944, few Americans realized the significance of an international conference taking place at Bretton Woods, a mountain resort in New Hampshire, far from the battle zones. There United Nations experts were completing plans for a world monetary and financial system that they hoped would create a prosperous, efficient global economy and avert economic tensions that might lead to another world war. Until the dollar crisis of 1971, decisions made at Bretton Woods provided the institutions and rules for international finance. The conference ushered in an era of unprecedented expansion of world trade and prosperity. Based on extensive research in previously unavailable sources, A Search for Solvency relates intriguing and often complicated issues of economic analysis and diplomatic history. It offers a succinct and comprehensive survey of international monetary development from the collapse of the pre–World War I gold standard to the devaluation of the dollar in 1971. In effect, it explains the origins of late twentieth-century global inflation and currency problems. The author details how the ghost of the Great Depression, the failure of monetary reconstruction efforts after World War I, and the memory of the nineteenth-century gold standard guided efforts to construct the Bretton Woods system. This preoccupation with the past, as well as political constraints, produced a monetary system protected against past dangers—fluctuating currencies, controls, and deflation—but dangerously vulnerable to inflationary pressures. The weaknesses of Bretton Woods, a system geared to an era in which economic power was concentrated in the United States, became visible in the 1960s and painfully apparent by the mid-1970s.

More books from University of Texas Press

Cover of the book Mexican Revolution by Alfred E., Jr. Eckes
Cover of the book American Indian Constitutional Reform and the Rebuilding of Native Nations by Alfred E., Jr. Eckes
Cover of the book Crucifixion by Power by Alfred E., Jr. Eckes
Cover of the book Town in the Empire by Alfred E., Jr. Eckes
Cover of the book The First New Chronicle and Good Government by Alfred E., Jr. Eckes
Cover of the book Manufacturing the News by Alfred E., Jr. Eckes
Cover of the book Saga of the Jomsvikings by Alfred E., Jr. Eckes
Cover of the book Charles Olson by Alfred E., Jr. Eckes
Cover of the book Counting-Out Rhymes by Alfred E., Jr. Eckes
Cover of the book Demosthenes, Speeches 39-49 by Alfred E., Jr. Eckes
Cover of the book Single Star of the West by Alfred E., Jr. Eckes
Cover of the book Reading World Literature by Alfred E., Jr. Eckes
Cover of the book Reflections on the Neches by Alfred E., Jr. Eckes
Cover of the book Urban Chroniclers in Modern Latin America by Alfred E., Jr. Eckes
Cover of the book Sexuality and Being in the Poststructuralist Universe of Clarice Lispector by Alfred E., Jr. Eckes
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy