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Money And Security: Troops, Monetary Policy, And West Germany's Relations With The United States And Britain, 1950-1971 (publications Of The German Historical Institute)
Full title: | Money And Security: Troops, Monetary Policy, And West Germany's Relations With The United States And Britain, 1950-1971 (publications Of The German Historical Institute) |
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ISBN: | 9780521399180 |
ISBN 10: | 0521399181 |
Authors: | Hubert Zimmermann |
Publisher: | Cambridge University Press |
Edition: | 1 |
Num. pages: | 292 |
Binding: | Paperback |
Language: | en |
Published on: | 2011 |
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Synopsis
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.