Anglo-American Monetary Policy and Rivalry in Europe and the Far East, 1919–1931
To understand or explain the Anglo-American relationship in the 1920s, the historian must examine not only political but economic relationships, specifically the political influence of the major investment banks. For the competition between international banks — for influence over their own and other government officials, and for control of investment areas — affected most of the major decisions of the 1920s. Many times the issue at stake was not a government’s interests but, rather, a particular bank’s interests. Naturally such objectives were carefully camouflaged or disguised as national interests.
KeywordsMonetary Policy Norman Paper American Investor American Relationship Economic Diplomacy
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