British Policy and European Reconstruction after the First by Anne Orde

By Anne Orde

British coverage and ecu Reconstruction after the 1st international struggle is a learn of the political financial system of Europe after 1919. Dr Orde presents a entire assessment of all points of reconstruction: monetary stabilization, credits, alternate and improvement. She exhibits how guidelines have been a lot suffering from the hooked up difficulties of reparations and warfare bills. In all this, Britain, as a tremendous buying and selling state and monetary centre, weakened by means of the battle yet much less bodily broken than many belligerents, performed a vital function which has no longer hitherto got entire therapy. Dr Orde examines the interval among 1919 and 1924 in nice element, putting next occasions within the old context of wartime making plans and concludes with the overseas fiscal convention of 1927. targeted recognition is paid to public regulations and personal associations, really banking.

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62 But Cecil's hopes of consultation and a conference proved vain; and whilst still anxious for inter-Allied cooperation in the transition period, British officials were becoming increasingly conscious of other factors besides shipping. 64 A long Foreign Office paper written in the third week of October by Lord Eustace Percy treated the whole problem from a political point of view. It was now possible to envisage a decisive Allied victory (although not yet its date), but Percy assumed that 61 62 63 64 Memorandum by Cecil, 10 Sep.

The point that France and Belgium could not be forced to agree not to protect against Germany, during the reconstruction period, the industries of the devastated regions, was also made by Percy in a memorandum after the armistice: P 69, CAB 29/2. , 7 Nov. , Baker, Woodrow Wilson, Life and Letters, Vol. 8, pp. 510, 549-50; Papers of Woodrow Wilson, Vol. 51, pp. 437-8, 634-5; The Organisation of American Relief in Europe 1918-1919, ed. Suda L. Bane and Ralph H. Lutz, Stanford 1943, pp. 26-7. Wartime planning 27 hope to [sic] securing justice in distribution, proper appreciation abroad of the effort we make to assist foreign nations, and proper return for the service we will perform will revolve around complete independence of commitment to joint action on our part'.

Cited in Michael Hogan, 'The United States and the problem of international economic control: American attitudes towards European reconstruction, 1918-20', in Pacific Historical Review, 44 (1975), pp. 92-3. Crosby to McAdoo, 13 Nov. 1918, FRUS, The Paris Peace Conference, hereafter cited as FRUS, PPC, Vol. 2, pp. 533-5. Crosby to Rathbone, 20 Nov. 1/1444. Documents in the United States National Archives are hereafter cited as NA, with Record Group (RG) and file or box number. Cravath to Leffingwell and Rathbone, 22 Nov.

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