By Anne Orde
British coverage and eu Reconstruction after the 1st international struggle is a research of the political economic system of Europe after 1919. Dr Orde offers a entire evaluate of all elements of reconstruction: monetary stabilization, credits, alternate and improvement. She exhibits how guidelines have been a lot suffering from the hooked up difficulties of reparations and warfare accounts. In all this, Britain, as a tremendous buying and selling kingdom and monetary centre, weakened by means of the conflict yet much less bodily broken than many belligerents, performed an important position which has now not hitherto obtained finished therapy. Dr Orde examines the interval among 1919 and 1924 in nice aspect, putting next occasions within the historic context of wartime making plans and concludes with the overseas monetary convention of 1927. targeted awareness is paid to public rules and personal associations, really banking.
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Extra resources for British Policy and European Reconstruction after the First World War
1 8 - 2 1 . FO to Bailey, New York, 23 Dec 1918, T 1/12256/49893/18; Lever to Rathbone, 26 D e c , U S Senate, Loans to Foreign Governments, pp. 2 2 - 3 . Rathbone to Lever, 31 Dec 1918, US Senate, Loans to Foreign Governments, pp. 23-4; Bailey to FO, 4 Jan. 1919, T 1/12256/49893/18. 1/1600. Crosby to McAdoo, 4 Dec. 51/122. Crosby to McAdoo, 4 Dec. 51/122; US Senate, Loans to Foreign Governments, pp. 16-17. The fact of the British approach was confirmed by Austen 40 Armistice and peace conference McAdoo indeed was quite clear that no such suggestion could be considered.
Cravath to Leffingwell and Rathbone, 22 Nov. 1/1451. 84 The question of financing reconstruction will be discussed in the next chapter. 87 The proposal was sent to the Allies and the Americans, but whilst the French and the Italians agreed, even this amount of integration was more than the Americans would accept. House thought that as the bulk of relief supplies would come from the United States, American control was essential. Hoover, whose opinion of European civil servants was low, considered that an international relief board 'could only mean disaster', and that the Allies hoped to use American sympathy for European distress as a bargaining counter in negotiating with the President.
Klotz to Bonar Law, 7 Dec. 1918, MF, F30 926 = B 31846. Avenol to Fromage, MF, 2 Dec. 1918, MF, B 12676. 38 Armistice and peace conference that these advances would only be for reconstruction in France and Belgium and possibly for food for Italy, and would not be made to Britain for any purpose. If this were really the American intention, Klotz must realize that Britain's power to lend to other countries would cease altogether. 20 Bonar Law was referring to the bill laid before Congress by McAdoo, seeking authority to raise the ceiling of Liberty Bond issues to $25,000 million, and that of advances to foreign governments to $10,000 million, and for power for the government to make advances for one year after the end of the war for purchases in the United States or to pay interest to the United States.