This volume throws important new light upon a pivotal period of transition in the Anglo-American relationship and sets the stage for its equally dramatic transformation during and after the Second World War. Based upon extensive research in previously unpublished archival material on both sides of the Atlantic, for the first time this book offers a detailed and comprehensive analysis of the war debt problem from its origins at the end of the First World War until its final removal with the launch of Roosevelt's Lend-Lease programme in 1940-41. This work will be of great interest to diplomats and journalists, as well as to students and scholars of political, diplomatic, economic and international history.

This volume throws important new light upon a pivotal period of transition in the Anglo-American relationship and sets the stage for its equally dramatic transformation during and after the Second World War. Based upon extensive research in previously unpublished archival material on both sides of the Atlantic, for the first time this book offers a detailed and comprehensive analysis of the war debt problem from its origins at the end of the First World War until its final removal with the launch of Roosevelt's Lend-Lease programme in 1940-41. This work will be of great interest to diplomats and journalists, as well as to students and scholars of political, diplomatic, economic and international history.

From the authors of the national bestseller 13 Bankers, a chilling account of America’s unprecedented debt crisis: how it came to pass, why it threatens to topple the nation as a superpower, and what needs to be done about it. With bracing clarity, White House Burning explains why the national debt matters to your everyday life. Simon Johnson and James Kwak describe how the government has been able to pay off its debt in the past, even after the massive deficits incurred as a result of World War II, and analyze why this is near-impossible today. They closely examine, among other factors, macroeconomic shifts of the 1970s, Reaganism and the rise of conservatism, and demographic changes that led to the growth of major—and extremely popular—social insurance programs. What is unquestionably clear is how recent financial turmoil exacerbated the debt crisis while creating a political climate in which it is even more difficult to solve.

In his groundbreaking book The British Way in Warfare (Routledge, 1990), David French outlined the skillful combination of maritime, economic and diplomatic power employed by Britain to achieve its international goals. Almost two decades later, this collection offers a reassessment of French's thesis, using it as a lens through which to explore Britain's relationship with various kinds of power (military and civil) and how this was employed across the globe. In particular, each essay addresses the ways in which the use of power manifested itself in the maintenance of Britain's place within the international system between 1856 and 1956. Adopting twin methodologies, the collection firstly addresses the broad question of Britain's relationship with other Great Powers and how these influenced the strategies used, before then testing these with specific case studies. By taking this approach, it is possible to discern which policies were successful and which failed, and whether these remained constant across time and space. Measuring Britain's strategy against her commercial, imperial, and military competitors (including France, the USA, Italy, Germany, and Russia) allows intriguing conclusions to be drawn about just how an essentially maritime power could compete with much larger - and potentially more powerful - continental rivals. With contributions from an outstanding selection of military scholars, this collection addresses fundamental questions about the intersection of military, economic and diplomatic history, that are as relevant today as they were during the height of Britain's imperial power. It will prove essential reading, not only for those with an interest in British military history, but for anyone wishing to understand how power - in all its multifaceted guises - can be employed for national advantage on the international stage.