Our Finest Hour: Will Clayton, the Marshall Plan, and the Triumph of Democracy

Overview

William L. Clayton was "the principal architect of American post-war foreign economic policy" (Newsweek), yet his seminal contributions to the General Agreement on Tariffs and Trade (GATT), the Marshall Plan, and the Truman Doctrine have been largely ignored over the past four decades. This gap in the story of free-world cooperation is filled by Gregory Fossedal's vivid biography.
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Overview

William L. Clayton was "the principal architect of American post-war foreign economic policy" (Newsweek), yet his seminal contributions to the General Agreement on Tariffs and Trade (GATT), the Marshall Plan, and the Truman Doctrine have been largely ignored over the past four decades. This gap in the story of free-world cooperation is filled by Gregory Fossedal's vivid biography.
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Editorial Reviews

From the Publisher

"Will Clayton was an unswerving champion of global democratic capitalism. Fossedal's study demonstrates democracy in action-that ideas rule the world, and that we are obligated in these revolutionary times to export the American idea to the whole world as Mr. Clayton sought to do."
- John Kemp

Library Journal
Clayton rose Horatio Alger-style from an eighth-grade education to owning the world's largest cotton brokerage firm. He was a Southern Democrat with strong views on free trade, free enterprise, and democracy. Drawn into government service to aid in wartime procurement, he remained to play critical roles in shaping the Bretton Woods Agreement, the Marshall Plan, and the General Agreement on Tariffs and Trade (GATT) of 1947. Fossedal, a former Hoover Institution fellow, offers anecdotal evidence that Truman once asked Clayton to be Secretary of State. Fair and well documented but rather pedestrian in tone, this is the first full-length study of Clayton. Larger collections will want it.-- Nancy C. Cridland, Indiana Univ. Libs., Bloomington
Booknews
Fossedal's biography illuminates businessman-statesman Clayton's (1880-1966) contributions to the development of American postwar foreign policy, including his central role in designing the Marshall Plan, the General Agreement on Tariffs and Trade (GATT), and the Truman Doctrine. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780817992026
  • Publisher: Hoover Institution Press
  • Publication date: 2/28/1993
  • Series: Publication Series , #41
  • Pages: 350
  • Sales rank: 1,465,940
  • Product dimensions: 6.10 (w) x 9.10 (h) x 1.00 (d)

Table of Contents

Foreword
Acknowledgments
1 An Offer Declined 1
2 From forth War's Bosom 15
3 To Dare Mighty Things 25
4 Into the Arena 47
5 Waging the Warehouse Wars 65
6 The War within the War 83
7 Economic Statecraft: Crafting Bretton Woods 110
8 Between Taft and Keynes: Selling Bretton Woods 137
9 Year of Nondecisions: The Road to Hiroshima 150
10 Potsdam and the Morgenthau Plan 162
11 The Battle of (Lending) Britain 182
12 Marshall's Team and the Greek Crisis 200
13 The Fifteen Weeks: Clayton's Memorandums 212
14 Summer 1947: From Marshall's Speech to a Plan 235
15 Final Challenges 255
16 Will Clayton's Legacy 281
Notes 287
Bibliography 331
Index 337
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