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The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order
Download The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order
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Audible Audiobook
Listening Length: 15 hours and 53 minutes
Program Type: Audiobook
Version: Unabridged
Publisher: Audible Studios
Audible.com Release Date: April 2, 2013
Whispersync for Voice: Ready
Language: English, English
ASIN: B00BSHNLGY
Amazon Best Sellers Rank:
A solid historical background of the Bretton Woods agreement with colorful anecdotes describing the often acrimonious debate between the UK and US governments on the terms. In addition, Steil gives an inside look into the genius of Keynes and the political savvy of Harry White. The book is heavy on Macro-Econ principles which means you'll want at least a beginner's understanding of gold standards, currency manipulation, international trade strategies, and deficit spending.
Bretton Woods is the foundation of all the prosperous years this country has seen after the second world war. You hear how the Dollar is the world currency with oil and minerals priced in Dollars. After the war, the Dollar was the only currency in the gold standard with all other currencies in the Dollar standard. You hear complaints about China pegging their currency to the Dollar. Well, back in 1945 we insisted that they all do just that.
In 1944 delegates from 44 countries convened at the Mount Washington Hotel in Bretton Woods, New Hampshire. The topic of discussion was the post-World War II international financial system. In this book Benn Steil tells the story of what transpired at that meeting; he explains how the main characters interacted with each other, and how a rather obscure American civil servant was able to have his plan for the global financial architecture approved. This book masterfully tells the story of the “war of ideas†between Harry Dexter White and John Maynard Keynes, arguably the most famous economist of the 20th century. The style is lucid, the prose is elegant, and the attention to details is superb. This is economic history at its best.In 1944 delegates from 44 countries convened at the Mount Washington Hotel in Bretton Woods, New Hampshire. The topic of discussion was the post-World War II international financial system. In this book Benn Steil tells the story of what transpired at that meeting; he explains how the main characters interacted with each other, and how a rather obscure American civil servant was able to have his plan for the global financial architecture approved. This book masterfully tells the story of the “war of ideas†between Harry Dexter White and John Maynard Keynes, arguably the most famous economist of the 20th century. The style is lucid, the prose is elegant, and the attention to details is superb. This is economic history at its best.
"The Battle of Bretton Woods" is a great read. I have a long standing interest in fiance and economics having studied the subject in college and graduate school. Steil's description of the disastrous financing of World War One and the following bitterness and mistrust created between the US and England by Europe's default on its loans (not to mention the fateful failure of the US to join the League of Nations) is told with clarity and great insight into the personalities who were called upon to finance the Second World War as well as rebuild the world following the war.This is a great book. Easy to read and complex issues such as the Gold Standard are fully explained.
The political battles of the WWII era is often overshadowed by the drama of those battles fought with real bullets. "The Battle of Bretton Woods" tells, in a quite readable way, the diplomatic battle between the US, who was looking to make permanent the economic supremacy they had achieved during the War and Britain, who was looking to salvage whatever economic leverage they might still have by the end of the War. The "Special Relationship" between the US and Britain that was established during WWII was in reality an uneasy alliance between two rivals that was never fully put aside for the duration of the War.I liked this book. I gave it four stars (instead of five) as I think this book might be a bit of a slog for readers who don't have a familiarity with the various characters and events that populate this book. However, if you've got a familiarity with the subject, I think you'll enjoy this book.
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