Abstract
Both in the United Kingdom and in the United States the Second World War was financed at a low rate of interest, around 3%. This is in contrast, of course, with the high rates of interest that obtained in the First World War. In the United Kingdom, this difference was due to the thinking, advocacy and advice of Keynes.
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Notes
The Federal Reserve System, 1945–1949 (1954), by J. S. Fforde.
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© 1969 Roy Harrod
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Harrod, R. (1969). Domestic Policies in the United States and United Kingdom After the Second World War. In: Money. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15348-0_10
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DOI: https://doi.org/10.1007/978-1-349-15348-0_10
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-10604-4
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