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Author: Kathleen Burk
Publisher: Yale University Press
ISBN: 0300057288
Category : Business & Economics
Languages : en
Pages : 298
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Book Description
In this authoritative and gripping book--the first full account of the 1976 International Monetary Fund crisis--Kathleen Burk and Alec Cairncross peel back the surface of the most searing economic crisis of postwar Britain to reveal its historical roots and contemporary context. During the spring of 1976, the plummeting value of the British pound against the U.S. dollar triggered a traumatic economic and political crisis. International confidence in the pound collapsed; an article in the Wall Street Journal, headlined "Good-bye, Great Britain," urged investors to get out of sterling. Refused aid by the London and New York markets, the Labour Government under Prime Minister James Callaghan was forced to turn for help to the IMF--a highly unusual move for a developed Western economy. Fearing that the economic crisis would drive Britain into a left-wing siege economy which would endanger NATO and the EEC, the United States and Germany used the IMF loan as a means to force Britain to make major domestic policy changes; when the IMF mission arrived in London in November 1976, it was announced that the price for the loan included deep cuts in domestic spending. Burk and Cairncross uncover the maneuvers of the Labour Government to evade IMF conditions. They also examine underlying economic factors, the political agenda, the rise of monetarist ideas, and the Keynesian response. Juxtaposing narrative with analysis, they provide surprising answers to critical questions and reveal how the breakdown of the post-war consensus on the macroeconomic management paved the way for the triumph of Thatcherism.
Author: Kathleen Burk
Publisher: Yale University Press
ISBN: 0300057288
Category : Business & Economics
Languages : en
Pages : 298
Get Book Here
Book Description
In this authoritative and gripping book--the first full account of the 1976 International Monetary Fund crisis--Kathleen Burk and Alec Cairncross peel back the surface of the most searing economic crisis of postwar Britain to reveal its historical roots and contemporary context. During the spring of 1976, the plummeting value of the British pound against the U.S. dollar triggered a traumatic economic and political crisis. International confidence in the pound collapsed; an article in the Wall Street Journal, headlined "Good-bye, Great Britain," urged investors to get out of sterling. Refused aid by the London and New York markets, the Labour Government under Prime Minister James Callaghan was forced to turn for help to the IMF--a highly unusual move for a developed Western economy. Fearing that the economic crisis would drive Britain into a left-wing siege economy which would endanger NATO and the EEC, the United States and Germany used the IMF loan as a means to force Britain to make major domestic policy changes; when the IMF mission arrived in London in November 1976, it was announced that the price for the loan included deep cuts in domestic spending. Burk and Cairncross uncover the maneuvers of the Labour Government to evade IMF conditions. They also examine underlying economic factors, the political agenda, the rise of monetarist ideas, and the Keynesian response. Juxtaposing narrative with analysis, they provide surprising answers to critical questions and reveal how the breakdown of the post-war consensus on the macroeconomic management paved the way for the triumph of Thatcherism.
Author: Alan James
Publisher: Springer
ISBN: 1349245283
Category : History
Languages : en
Pages : 235
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Book Description
Based on interviews and on documentary collections in Britain, Sweden and the US, this book describes and analyses Britain's often-tortured response to the crisis which occurred in Congo immediately following its independence. Principally, it throws much fresh light on British policy. But it also examines the impact of the crisis on Britain's status as a great power; reveals important new material about the UN's conduct of its peacekeeping operation in the Congo; and draws lessons about the conduct of contemporary peacekeeping.
Author: Tom Nairn
Publisher: Verso Books
ISBN: 1789606837
Category : History
Languages : en
Pages : 571
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Book Description
In this classic text, first published in 1977, Tom Nairn memorably depicts the 'slow foundering' of the United Kingdom on the rocks of imperial decline, constitutional anachronism and the gathering force of civic nationalism. Rich in comparisons between the nationalisms of the British Isles and those of the wider world, thoughtful in its treatment of the interaction between nationality and social class, The Break-Up of Britain concludes with a bravura essay on the Janus-faced nature of national identity. Postscripts from the Thatcher and Blair years trace the political strategies whose upshot accelerated the demise of a British state they were intended to serve. As a second Scottish independence referendum beckons, a new Introduction by Anthony Barnett underlines the book's enduring relevance.
Author: Curt Cardwell
Publisher: Cambridge University Press
ISBN: 1139498231
Category : History
Languages : en
Pages : 311
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Book Description
NSC 68 and the Political Economy of the Early Cold War re-examines the origins and implementation of NSC 68, the massive rearmament program that the United States embarked upon beginning in the summer of 1950. Curt Cardwell reinterprets the origins of NSC 68 to demonstrate that the aim of the program was less about containing communism than ensuring the survival of the nascent postwar global economy, upon which rested postwar US prosperity. The book challenges most studies on NSC 68 as a document of geostrategy and argues instead that it is more correctly understood as a document rooted in concerns for the US domestic political economy.
Author: Alwyn W. Turner
Publisher: Aurum Press
ISBN: 9781781310717
Category : Great Britain
Languages : en
Pages : 322
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Book Description
'A masterful work of social history and cultural commentary, told with much wit. It almost makes you feel as if you were there' ROGER LEWIS, Mail on Sunday The 1970s. They were the best of times and the worst of times. Wealth inequality was at a record low, yet industrial strife was at a record high. These were the glory years of Doctor Who and glam rock, but the darkest days of the Northern Ireland conflict. Beset by strikes, inflation, power cuts and the rise of the far right, the cosy Britain of the post-war consensus was unravelling – in spectacularly lurid style. Fusing high politics and low culture, Crisis? What Crisis? presents a world in which Enoch Powell, Ted Heath and Tony Benn jostle for space with David Bowie, Hilda Ogden and Margo Leadbetter, and reveals why a country exhausted by decline eventually turned to Margaret Thatcher for salvation.
Author: Hunter Powell
Publisher: Manchester University Press
ISBN: 1526184028
Category : History
Languages : en
Pages : 273
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Book Description
This book seeks to bring coherence to two of the most studied periods in British history, Caroline non-conformity (pre-1640) and the British revolution (post-1642). It does so by focusing on the pivotal years of 1638–44 where debates around non-conformity within the Church of England morphed into a revolution between Parliament and its king. Parliament, saddled with the responsibility of re-defining England’s church, called its Westminster assembly of divines to debate and define the content and boundaries of that new church. Typically this period has been studied as either an ecclesiastical power struggle between Presbyterians and independents, or as the harbinger of modern religious toleration. This book challenges those assumptions and provides an entirely new framework for understanding one of the most important moments in British history.
Author: David Powell
Publisher:
ISBN:
Category : Great Britain
Languages : en
Pages : 213
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Book Description
The author provides a stimulating interpretation of the Edwardian period, offering valuable insights into the difficulties of governing a society in a time of rapid modernisation and suggesting a new perspective on the question of whether Britain was on the verge of revolution in the summer of 1914.
Author: Ben Jackson
Publisher: Cambridge University Press
ISBN: 1107012384
Category : Biography & Autobiography
Languages : en
Pages : 369
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Book Description
This book situates the controversial Thatcher era in the political, social, cultural and economic history of modern Britain.
Author: Benjamin Martill
Publisher: UCL Press
ISBN: 1787352773
Category : Political Science
Languages : en
Pages : 314
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Book Description
Brexit will have significant consequences for the country, for Europe, and for global order. And yet much discussion of Brexit in the UK has focused on the causes of the vote and on its consequences for the future of British politics. This volume examines the consequences of Brexit for the future of Europe and the European Union, adopting an explicitly regional and future-oriented perspective missing from many existing analyses. Drawing on the expertise of 28 leading scholars from a range of disciplines, Brexit and Beyond offers various different perspectives on the future of Europe, charting the likely effects of Brexit across a range of areas, including institutional relations, political economy, law and justice, foreign affairs, democratic governance, and the idea of Europe itself. Whilst the contributors offer divergent predictions for the future of Europe after Brexit, they share the same conviction that careful scholarly analysis is in need – now more than ever – if we are to understand what lies ahead for the EU. Praise for Brexit and Beyond 'a wide-ranging and thought-provoking tour through the vagaries of British exit, with the question of Europe’s fate never far from sight...Brexit is a wake-up call for the EU. How it responds is an open question—but respond it must. To better understand its options going forward you should turn to this book, which has also been made free online.' Prospect Magazine 'This book explores wonderfully well the bombshell of Brexit: is it a uniquely British phenomenon or part of a wider, existential crisis for the EU? As the tensions and complexities of the Brexit negotiations come to the fore, the collection of essays by leading scholars will prove a very valuable reference for their depth of analysis, their lucidity, and their outlining of future options.' - Kevin Featherstone, Head of the LSE European Institute, London School of Economics 'Brexit and Beyond is a must read. It moves the ongoing debate about what Brexit actually means to a whole new level. While many scholars to date have examined the reasons for the British decision to leave, the crucial question of what Brexit will mean for the future of the European project is often overlooked. No longer. Brexit and Beyond bundles the perspectives of leading scholars of European integration. By doing so, it provides a much needed scholarly guidepost for our understanding of the significance of Brexit, not only for the United Kingdom, but also for the future of the European continent.' - Catherine E. De Vries, Professor in the department of Government, University of Essex and Professor in the department of Political Science and Public Administration Free University Amsterdam 'Brexit and Beyond provides a fascinating (and comprehensive) analysis on the how and why the UK has found itself on the path to exiting the European Union. The talented cast of academic contributors is drawn from a wide variety of disciplines and areas of expertise and this provides a breadth and depth to the analysis of Brexit that is unrivalled. The volume also provides large amounts of expert-informed speculation on the future of both the EU and UK and which is both stimulating and anxiety-inducing.' -Professor Richard Whitman, Head of School, Professor of Politics and International Relations, Director of the Global Europe Centre, University of Kent
Author: Jeremy Black
Publisher: A&C Black
ISBN: 1847252435
Category : History
Languages : en
Pages : 225
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Book Description
A new account of the changing relationship between Britain and America in the 18th Century that helped to define both nations.
