It is not surprising that the first practical plans for a postwar monetary and economic order should have originated in Germany. In the spring of 1940 the Axis powers had firmly established their political and economic domination over most of Europe. Britain’s energies and attention were totally absorbed by the threat of invasion and the struggle for survival. To many people around the world, even in the United States, it seemed that the war was finished, and a German victory inevitable.
KeywordsBritish Government Capital Movement Clearing System European Currency Trading Transaction
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