Money and Security: Troops, Monetary Policy, and West by Hubert Zimmermann

By Hubert Zimmermann

This learn hyperlinks basic political buildings of the chilly battle period, the transatlantic safeguard process and the foreign financial approach. valuable to this factor is an issue that soured relatives one of the Federal Republic and its significant allies from the Nineteen Fifties to the Seventies: Who was once to undergo the big rate of British and American troops in Germany? either Washington and London pointed out this fee as a big reason behind the decline of the pound and the greenback, while Germany reluctantly paid and traded "Money for Security", a primary trend of its postwar international coverage.

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Additional resources for Money and Security: Troops, Monetary Policy, and West Germany's Relations with the United States and Britain, 1950-1971: Troops, Monetary Policy, and West ... of the German Historical Institute)

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3 Its decisive battlefield was Europe. As tensions rose, most Western politicians agreed that a further expansion of the Soviet sphere of influence into Europe had to be countered by all means. “Containment” of Communist expansion worldwide, but above all in Europe, became the central tenet of Western security policies. This strategy, successful in the end, had one great disadvantage: Military security came with a high price tag. Would economic prosperity, the other, probably even more important objective of Western societies, survive another war economy, especially after the recent dislocations provoked by World War II?

Troops in Europe. S. policy toward Europe in case the EDC project foundered. In addition, the Americans made their interest in a British commitment quite clear to Her Majesty’s government. Last, the troops could be useful in influencing continental politics, given the abstinence of Britain from the new supranational institutions in Europe, such as the European Coal and Steel Community (ECSC). This last point is the most ambiguous because Britain never managed to achieve a clear idea of the political role its troops should play on the continent, as we shall see later in this book.

S. government to convince the American public of the necessity for a massive reinforcement of the small 4 Duffield, Power Rules, 28–74. 5 Robert A. Pollard, Economic Security and the Origins of the Cold War, 1945–50 (New York, 1985), 241. S. force in Europe. S. troop engagement in Europe was widely perceived as a major shift in American foreign policy. For the first time American forces were deployed on a permanent basis in Europe during peacetime. In all probability Congress gave its consent only because the government gave credible assurances that the measure would be temporary and the financial burden on the United States would last only for a transitional period, until the Europeans had rebuilt their own forces.

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