Throughout his two-term presidency, Dwight D. Eisenhower faced the challenge of managing a period of peacetime prosperity after more than two decades of depression, war, and postwar inflation. The essential issue he addressed was how the country would pay for the deepening Cold War and the extent to which such unprecedented peacetime commitments would affect the United States economy and its institutions.

William M. McClenahan, Jr., and William H. Becker explain how Eisenhower's beliefs and his experiences as a military bureaucrat and wartime and postwar commander shaped his economic policies. They explore the macro- and microeconomic policies his administration employed to finance the Cold War while adapting Republican ideas and Eisenhower's economic principles to new domestic and foreign policy environments. They also detail how Eisenhower worked with new instruments of government policy making, such as the Council of Economic Advisers and a strengthened Federal Reserve Board. In assessing his administration's policies, the authors demonstrate that, rather than focusing overwhelmingly on international political affairs at the expense of economic issues, Eisenhower's policies aimed to preserve and enhance the performance of the American free market system, which he believed was inextricably linked to the successful prosecution of the Cold War. While some of the decisions Eisenhower made did not follow conservative doctrine as closely as many in the Republican Party wanted, this book asserts that his approach to and distrust of partisan politics led to success on many fronts and indeed maintained and buttressed the nation's domestic and international economic health.

An important and original contribution, this examination of the Eisenhower administration's economic policy enriches our understanding of the history of the modern American economy, the presidency, and conservatism in the United States.

Based on archival sources, this history of the Export-Import Bank of the United States (Ex-Im), focuses on its role in the growing involvement of the U.S. in the international economy. Over the last two decades the Bank has carried on its Congressionally-mandated mission in an increasingly complicated environment; brought on by changes in private capital markets, Congressional constraints on its budgets, major financial crises in Latin America and Southeast Asia. It has survived despite the latest developments in communications and information technology, and the demands of non-governmental organizations (NGOs) devoted to environmental protection.

This is the first history of the Export-Import Bank of the United States (Ex-Im) based on archival sources. As the government's exports credit agency, Ex-Im promotes exports through loans, guarantees and insurance and has had an unusual history as a public institution shaped by market principles. Congress mandated that the Bank only provide credit with a reasonable assurance of repayment. But the rules of the market and the needs of the state conflicted at times. Ex-Im has played a part in all the major events that marked the growing involvement of the United States in the international economy. In the last two decades, the bank has carried on its congressionally mandated mission in an increasingly complicated environment brought on by changes in private capital markets; congressional constraints on its budgets; major financial crises in Latin America and South-East Asia; fast-moving developments in communications and information technology and the demands of non-governmental organisations devoted to environmental protection.

The U.S. Army Corps of Engineers planned and supervised the construction of the United States' section of the St. Lawrence Seaway. The project was both a massive engineering effort and an unusually complicated exercise in intergovernmental cooperation. Local, state, and federal agencies shared a concern with finishing the project as quickly and competently as possible. However, inevitably disagreements occurred over timetables, budgets, and priorities. There was also the general concern with meeting our commitment to Canada, which had assumed the responsibility for constructing most of the Seaway. This history is an analysis of the planning and engineering effort of the Corps of Engineers on the Seaway project. More than that, the author addresses the various political issues that often influenced the engineers. Because of the scale of operations, the large number of governmental bodies involved, and the even greater number of contractors and subcontractors, the story of the construction of the St. Lawrence Seaway offers significant insights into problems facing federal engineers in developing huge international projects. Paul W. Taylor Colonel, Corps of Engineers Chief of Staff