Britain, America and Rearmament in the 1930s The Cost of Failure,9780333922927

Britain, America and Rearmament in the 1930s The Cost of Failure

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ISBN13: 9780333922927
ISBN10: 0333922921
Format: Hardcover
Pub. Date: 2001-12-07
Publisher(s): Palgrave Macmillan
List Price: $180.00

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Summary

This book is the first to challenge current orthodoxy that Chamberlain's appeasement policy before World War Two was justified by Britain's inability to pay for rearmament. The book shows that British war potential was actually massive, with a solid foundation in the existing Imperial economy. Using previously unconsidered and recently declassified documents from British and American archives, the author demonstrates that the deliberate and political rejection of rearmament in the hope of eventual American support proved catastrophic for Britain.

Author Biography

Christopher Price is Visiting Lecturer in American Studies at the University of Leeds, College of Ripon and York.

Table of Contents

The Fall of Sterling 1938-39 and International Events ix
Preface xii
Acknowledgements xv
List of Abbreviations
xvi
New Rules for an Old Game: the Shaping of Fourth Arm Concepts in a Fluid Environment, 1919-31
1(23)
Peace, war and a new concept of financial control
2(10)
British attitudes to gold between war and crisis
12(3)
American attitudes to gold and the onset of crisis
15(2)
A chance to rebuild
17(7)
`On the Upgrade': Britain's Unwelcome Recovery, 1931-36
24(21)
The economic foundations of strategic strength
25(5)
American problems
30(6)
Limiting factors in the perception and consolidation of British strength
36(9)
`The Destiny of Tomorrow': a Transatlantic Alliance Forms against Ottawa, 1936
45(21)
Opening shots
46(3)
A different tack
49(9)
Morgenthau tips the scales
58(3)
A decisive shift
61(5)
The Devil in the Detail: a Necessary Case for Economic Danger and the Formulation of the Fourth Arm Policy, 1937--38
66(26)
Breaches in the dam
67(4)
The home front
71(3)
Manoeuvres
74(6)
Tying the knot
80(4)
Available `weapons from the authoritarian armoury'
84(2)
The starting gun
86(6)
Between Hitler and Wall Street: Undeclared War versus Business as Usual, March--October 1938
92(26)
Ideological constraints on policy
92(2)
A sea change
94(1)
The sterling crisis begins
95(3)
The `Roosevelt recession' and the `billion-four'
98(3)
Morgenthau's gold dilemma
101(2)
Morgenthau's sterling dilemma
103(4)
Morgenthau sees his way clear
107(2)
`Business as usual' tested to the limit
109(3)
Paralysis in Washington
112(6)
`It Seems like Insanity': the Anglo-American Trade Agreement of 1938 and the Point of No Return
118(14)
The trade agreement: an invisible assassin
119(4)
The Cabinet falls hesitantly into line
123(6)
Irrational hopes and fears
129(3)
A `Maginot Line for the Pound': Profligacy in Defence of a Bankrupt Policy, November 1938-January 1939
132(27)
Holding the line
132(2)
Thinking the unthinkable: exchange control
134(1)
American fears
135(1)
British reassurances
136(2)
Hard facts and righteous satisfaction in London
138(1)
The bear squeeze fails
139(5)
Desperate remedies: `absolutely shooting the works'
144(3)
A parting of the ways
147(1)
Defence pays the price
148(7)
Policy consumes itself
155(4)
`Not a Damned Bit Good': the Concealed Catastrophe, 1939
159(23)
The `large blank spaces on the map'
159(5)
The `time which we dare not regard as peace'
164(5)
A minor revolt
169(5)
The crunch: `a real bad day'
174(5)
Preparations for war: `well into the 1917 stage'
179(3)
Conclusion 182(8)
Notes and References 190(27)
Select Bibliography 217(8)
Index 225

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