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Money And Security: Troops, Monetary Policy, & West Germany's Relations with the United States and Britain, 1950-1971

Money And Security: Troops, Monetary Policy, & West Germany's Relations with the United States and Britain, 1950-1971

by Hubert Zimmermann
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Book cover type: Hardcover
  • ISBN13: 9780521782043
  • Binding: Hardcover
  • Subject: Economics
  • Publisher: Cambridge UP
  • Publisher Imprint: Cambridge
  • Publication Date:
  • Pages: 292
  • Original Price: GBP 41.0
  • Language: English
  • Edition: N/A
  • Item Weight: 545 grams

About the Book This study links two fundamental political structures of the Cold War era, the transatlantic security system and the international monetary system. Central to 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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