Money and Security

This study links two fundamental political structures of the Cold War era, the transatlantic security system and the international monetary system. Central to this issue is a problem that soured relations among the Federal Republic and its major allies from the 1950s to the 1970s: Who was to bear the enormous cost of British and American troops in Germany? Both Washington and London identified this cost as a major reason for the decline of the pound and the dollar, whereas Germany reluctantly paid and traded "Money for Security", a fundamental pattern of its postwar foreign policy.

• | Author: Hubert Zimmermann
• | Publisher: Cambridge University Press
• | Publication Date: Apr 22, 2002
• | Number of Pages: 292 pages
• | Binding: Hardback or Cased Book
• | ISBN-10: 052178204X
• | ISBN-13: 9780521782043