Money and Security
Subtitle: Troops, Monetary Policy, and West Germany's Relations with the United States and Britain, 19501971 (Publications of the German Historical Institute)
Publisher: Cambridge University Press
Published: April 22, 2002
Language: eng
Format: Hardcover
Number of pages: 292
ISBN-13: 9780521782043
Subjects: American history: postwar, from c 1945 -; Economic history; European history: postwar, from c 1945 -; International relations; Monetary economics; c 1945 to c 1960; c 1960 to c 1970; c 1970 to c 1980; History: World; Great Britain; History; History - General History; British Isles; Europe; The Americas; USA; International - Economics; Europe - General; Germany--Military relations--United States; History / Europe / General; Germany; Armed Forces; Military relations; United States
First sentence: When in May 1955 the Paris Accords came into effect, the long and tortuous process of forming an integrated Western security system was finally conclude after more than five years of negotiations.
Description: "This study examines the connections between the transatlantic security system and the international monetary system during the Cold War. The question of who would bear the enormous cost of British and American troops stationed in West Germany became a contentious issue that burdened relations between the Federal Republic and its major allies from the 1950s to the 1970s.

Washington and London saw this cost as a major reason for the decline of their currencies and therefore called on Germany to underwrite or "off-set" these expenses; and West Germany reluctantly agreed to trade money for security. By investigating the linkage between monetary and strategic policy this book demonstrates the crucial importance of domestic politics for the formulation of foreign policy and illuminates transatlantic history during the Cold War from a new angle."--BOOK JACKET.