Provides context essential to the understanding of both the Great Depression and the history of the British, American, and French economies. This book will appeal to anyone interested in international monetary relations: how governments choose their monetary system, how they compete against one another, and how they can work together.
Examines how the democracies shifted from monetary war to peace during the Great Depression with the Tripartite Agreement of 1936.
'Using primary data sources including recently released Bank of England archives, Max Harris shows that the late 1930s tripartite currency stabilization arrangement between the US, France and the UK bore many of the hallmarks of the post-war Bretton Woods system. Deeply researched and elegantly written, Monetary War and Peace offers a fresh perspective on a little-known period in monetary history that contains valuable lessons for today.' Kenneth Rogoff, Harvard University
