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

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

by Hubert Zimmermann
     
 

ISBN-10: 052178204X

ISBN-13: 9780521782043

Pub. Date: 06/01/2002

Publisher: Cambridge University Press

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

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Overview

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.

Product Details

ISBN-13:
9780521782043
Publisher:
Cambridge University Press
Publication date:
06/01/2002
Series:
Publications of the German Historical Institute Series
Pages:
275
Product dimensions:
5.98(w) x 8.98(h) x 0.79(d)
Lexile:
1570L (what's this?)

Table of Contents

Introduction; 1. On whose shoulders? German rearmament and the Cold War burden; 2. The British 'new look' and Anglo-German relations; 3. Adenauer and 'perfidious Albion': troop reductions, support costs, and the integration of Europe, 1957–9; 4. The Radford plan: America and its troops in Germany, 1955–8; 5. The political economy of US troop stationing in Europe; 6. Offset and monetary policy during the Kennedy administration, 1961–2; 7. The bargain slowly unravels: offset, troop reductions, and the balance of payments, 1962–5; 8. The culmination of the burden-sharing conflict: Chancellor Ehrard's visit to Washington in September 1966; 9. The trilateral negotiations of 1966–7; Conclusion.

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