Marshall Planners and the Politics of Empire
The United States and French Financial Policy, 1948
Bibliographic Data
| ID | 16529386 |
|---|---|
| Authors | William Burr (0000-0003-2955-3613, Catholic University of America, corresponding author) |
| Year | 1991 |
| Volume | 15 |
| Issue | 4 |
| Pages | 495-522 |
| Publication date | 1991-10-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Diplomatic History (JOURNAL) |
| Journal identifiers | ISSN: 0145-2096 • E-ISSN: 1467-7709 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1467-7709.1991.tb00144.x |
| OpenAlex | W1991611101 |
| Language | EN |
| Citations received | 3 |
In late 1948 the journalist Walter Lippmann made one of his periodic tours of Europe to interview politicians, generals, diplomats, and bankers. In Paris he conferred with French Prime Minister Henri Queuille, who was facing a number of serious problems. France had been hit by serious price inflation that had lowered real wages and triggered crippling strikes. In addition, Queuille's government lacked the fiscal resources to finance current expenses. Lippmann found Queuille "very much upset" with the demands being made upon his government by David K. E. Bruce, mission chief in France for the U.S. Economic Cooperation Administration (ECA), the agency administering the Marshall Plan. The prime minister wanted to settle his budget problems by cutting back on the modernization investments included in the publicly funded Monnet Plan (named for its author, Jean Monnet). Bruce, however, as well as influential Frenchmen like Monnet, wanted to preserve the investment program and balance the budget by raising taxes and capping Treasury borrowing from the central bank. For Bruce, balancing the budget and funding Monnet Plan investments were preconditions for political order, noninflationary economic growth, and investor confidence.1
Agency (philosophy · Economic history · Economics · Government (linguistics · Inflation (cosmology · Investment (military · Investment banking · Marshall Plan · Modernization theory · Order (exchange · Political science · Politics · Prime minister · Sociology · Treasury · Economic Theory and Policy · Finance · Law · Political and Social Issues · Public Administration
| Citations per year | 0.09 |
|---|---|
| Citation span | 1993 - 2007 (15) |
| Highly cited | No |