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Money, Oil, and Empire in the Middle East - Sterling and Postwar Imperialism, 1944-1971 (Hardcover)
Loot Price: R3,092
Discovery Miles 30 920
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Money, Oil, and Empire in the Middle East - Sterling and Postwar Imperialism, 1944-1971 (Hardcover)
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This book, first published in 2009, is an important political and
economic history of the unravelling of the British Empire and its
connection to the decline of sterling as a leading international
currency. Analyzing events such as the 1951 Iranian oil
nationalization crisis and the 1956 Suez crisis, Steven Galpern
provides a new perspective on British imperialism in the Middle
East by reframing British policy in the context of the government's
postwar efforts to maintain the international prestige of the
pound. He reveals the link that British officials made between the
Middle Eastern oil trade and the strength of sterling and how this
influenced government policy and strained relationships with the
Middle East, the United States, and multinational oil firms. In so
doing, this book draws revealing parallels between the British
experience and that of the United States today and will be
essential reading for scholars of the British empire, Middle East
studies and economic history.
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