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Books > History > World history > From 1900
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Monetary War and Peace - London, Washington, Paris, and the Tripartite Agreement of 1936 (Hardcover)
Loot Price: R3,058
Discovery Miles 30 580
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Monetary War and Peace - London, Washington, Paris, and the Tripartite Agreement of 1936 (Hardcover)
Series: Studies in Macroeconomic History
Expected to ship within 12 - 17 working days
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The international monetary system imploded during the Great
Depression. As the conventional narrative goes, the collapse of the
gold standard and the rise of competitive devaluation sparked a
monetary war that sundered the system, darkened the decade, and
still serves as a warning to policymakers today. But this familiar
tale is only half the story. With the Tripartite Agreement of 1936,
Britain, America, and France united to end their monetary war and
make peace. This agreement articulated a new vision, one in which
the democracies promised to consult on exchange rate policy and
uphold a liberal international system - at the very time fascist
forces sought to destroy it. Max Harris explores this little-known
but path-breaking and successful effort to revolutionize monetary
relations, tracing the evolution of the monetary system in the
twilight years before the Second World War and demonstrating that
this history is not one solely of despair.
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