A changing of the guard : Anglo-American relations, 1941-1946 /
Randall Bennett Woods.
Chapel Hill : University of North Carolina Press, c1990.
xi, 473 p. ; 25 cm.
0807818771 (alk. paper)
More Details
Chapel Hill : University of North Carolina Press, c1990.
0807818771 (alk. paper)
catalogue key
Includes bibliographical references (p. [457]-464) and index.
A Look Inside
Full Text Reviews
Appeared in Library Journal on 1990-07:
Woods contends that while the Anglo-American Financial Agreement of 1946 enabled the United Kingdom to survive its short-term problems, it brought Britain to the verge of bankruptcy, thereby retarding its long-term rehabilitation and its capacity to oppose Soviet expansionism in Europe unaided; this necessitated a ``changing of the guard.'' This work is more than just the tale of the arrival of the United States as a superpower and the decline of Britain. Rather, it concerns itself with power and elites, the efficacy of money and markets, personalities and bureaucracies, machinations diplomatic and imperatives political. It is the story of a nation politically, ideologically, and bureaucratically ill-suited to function as the arbiter of Europe's affairs thrust into that situation. Woods writes with verve and clarity, as well as a talent for acerbic analysis, particularly on the personal level, which is as refreshing as it is irritating. His work will undoubtedly prove definitive on this subject. Essential for academic and larger public libraries.-- J.K. Sweeney, South Dakota State Univ . , Brookings (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.
Appeared in Choice on 1990-11:
Few works deal with the Anglo-American alliance during WW II as brilliantly as this one. Mining a rich lode of US and British sources, Woods has produced a thorough, engaging, and entertaining portrayal of a declining Empire slowly giving way to its wealthy North American partner. Woods demonstrates how the US, in conference after conference, used its considerable advantages to force Britain to turn away from "Empire isolationism" to multilateral trade at a time when the US had an undamaged industrial base and agricultural self-sufficiency while Britain labored under great strains. Woods ends his discussion with the debate over the British loan of 1946, which saw the US flex its muscles, exacting concessions from England at a time it was fighting for its very postwar survival. An outstanding work sprinkled with insightful vignettes of the personalities involved. Highly recommended for college and university libraries. -D. R. Turner, Davis and Elkins College
Review Quotes
Masterful.Journal of Modern History
Masterful. Journal of Modern History
This is a remarkable achievement. Theodore A. Wilson, University of Kansas
This item was reviewed in:
Library Journal, July 1990
Choice, November 1990
To find out how to look for other reviews, please see our guides to finding book reviews in the Sciences or Social Sciences and Humanities.
Main Description
Between 1941 and 1946, in response to the devastation caused by World War II, memories of the Great Depression, and the prospect of Soviet expansion, a group of politicians, diplomats, and economists in the United States and Great Britain sought to repair the ruined economies of of Europe and secure economic prosperity for America. Their program, which became known as multilateralism, called for reduced quotas on imports, lowered tariffs, the abandonment of currency exchange controls, and economic decision making by international bodies. Randall Woods explores this attempt to create an interdependent world economy and sets it against the broader political and strategic backdrop of the period.In the United States, multilateralism attracted New Deal liberals because it proposed to help not only the established economic interests but traditionally disadvantaged groups such as farmers and industrial workers as well. Moderate socialists in Britain also lent their support to a liberalized trading system, as did many conservatives on both sides of the Atlantic, believing that the program would preserve some degree of free enterprise in the international economy.Unfortunately for its disciples, Woods argues, multilateralism was so modified by the forces of isolationism and economic nationalism--and by bureaucratic politics in the United States--that it failed to achieve its economic and strategic goals. The international economy that emerged after World War II was not an equitable partnership and merely finalized the fifty-year process by which the United States supplanted Great Britain as the arbiter of Western Capitalism. In the end, modified multilateralism hampered rather than facilitated the free flow of goods and capital, and it did little to promote social democracy.
Table of Contents
Prefacep. ix
Introductionp. 1
an American Ideology: Modified Free Trade and Lend-Lease, 1941-1942p. 9
to Pay the Piper: Multilateralism and the British Dilemma, 1942p. 33
Good as Gold: Liquidity, Bureaucracy, and the Keynes-White Plans for International Currency Stabilization, 1942-1943p. 62
No Entangling Alliances: Isolationism, Anti-Imperialism, Appeasement, and the Politics of the Grand Alliance, 1942-1943p. 87
Birth or Stillbirth of a Monetary System? the Bretton Woods Agreements and the Triumph of the United States Treasury, 1944p. 115
Competition and Cooperation: American Aid to Britain, 1943-1944p. 149
Multilateralism Interpreted: the Debate Over Full Employment and Foreign Trade, 1943-1944p. 188
Heads I Win, Tails You Lose: Congress, the Reciprocal Trade Agreements Act of 1945, and the Ratification of Bretton Woods, 1945p. 212
Mediation and Breaking the Cordon Sanitaire: Great Britain, Russia, and the United States, 1944-1945p. 244
Alliance Renewed: British Labor and the Harnessing of America, 1945-1946p. 274
Ends and Means: the Termination of Lend-Lease and the Origins of Anglo-American Financial Negotiations, 1945p. 301
the Tie That Binds: the Anglo-American Financial Agreement, 1945-1946p. 332
Politics and Diplomacy: Britain, the United States, and the Struggk for Radfication, 1946p. 363
Conclusionp. 397
Notesp. 409
Bibliographyp. 457
Indexp. 465
Table of Contents provided by Publisher. All Rights Reserved.

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