By Patricia M. Clavin
In keeping with new archival examine, it is a learn of the failure of foreign co-operation to strive against the good melancholy. The textual content explores the impression of protectionism, reparations and warfare money owed, in addition to the extra recognized disagreements on financial concerns which, jointly, helped to extend the main profound financial melancholy of the 20 th century. the commercial and diplomatic classes drawn from this era by means of the key powers - rather German intelligence as to the deep divisions in Anglo-American monetary family - additionally offer a contribution to figuring out the origins of the realm conflict II and the diplomatic and financial order created in its aftermath.
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Additional resources for Failure of Economic Diplomacy: Britain, Germany, France and the United States, 1931-36
As late as 15 June, only 10 days before Lausanne, he disingenuously informed Norman Davis, the American delegate to the Geneva Disarmament Conference, 'that the situation had now altered radically . . '75 The Prime Minister's misgivings that British reparation policy risked Anglo-American co-operation on economic questions and, more importantly, on matters pertaining to disarmament, were shared by the Foreign Office, but made little impact on the Cabinet as a whole. Chamberlain protested that MacDonald paid too much attention 'those idiotic Yankees' and made no secret of his preference to side-step the machinery of a conference with a direct Anglo-French agreement.
The decision increased pressure on both the gold dollar and exacerbated the maldistribution of the world's gold supply. 35 The American, French and German governments attempted to assess the likely impact of the floating pound on British domestic and international politics and some of their early conclusions were alarmist. ' and concluded that it was 'completely bewildered . . [its] self-confidence is gone . . ' In a further assessment more indicative of the 'timidity' which sometimes characterised American economic foreign policy, the department concluded that 'for the time being Britain is completely in eclipse as the financial leader of the world.
Whereas political developments in France worked to Britain's advantage in Germany, on 30 May Briining resigned and was replaced as Chancellor by Franz von Papen. 73 The ultra-conservative character of Papen's Cabinet, the violent demonstrations on the streets of Berlin which accompanied its creation, and the fact that German demands for equality of armaments now A World Adrift 31 were tied more explicitly to demands for 'equality of economic rights', increased British resolve to end reparations.
Failure of Economic Diplomacy: Britain, Germany, France and the United States, 1931-36 by Patricia M. Clavin