Gold, Dollars, and Power

“Policymakers and academics can learn important lessons from Gold, Dollars, and Power about the possibilities and limits of international monetary diplomacy in a global economy.” — International Journal

“Gavin’s book represents a sophisticated effort to integrate international economic events, political science theories, and diplomatic history. It rests on extensive research in American and European archival sources and documents. It offers rich detail on competing bureaucratic interests in four presidential administrations. And, it responds to scholars who believe the Bretton Woods system was an instrument of a post–World War II American empire. . . . A significant book." — The Journal of American History

“Gavin significantly contributes to our understanding by making clear how early in the history of the Bretton Woods system its flaws were apparent to American policymakers. In addition, he skillfully explicates how differences within the Atlantic community over international monetary policy contributed to intramural wrangling on issues such as the bankrolling of U.S. occupation troops in Western Europe. Gavin is a fine writer who deftly handles the sometimes arcane elements of monetary policy. His research is multiarchival, [drawing] on recently declassified documents in both the United States and Europe.” — H-Diplo

“Gavin should be applauded for clarifying a significant part of cold war history, and the figures who made it.” — The International History Review

“An interesting history of international monetary relations during the heyday of the Bretton Woods system. . . . This engagingly written book is an excellent work of scholarship that deserves to be read by all those interested in postwar international economic relations. At a time when so much of the field of international political economy has become caught up in increasingly abstract model-building, it is a pleasure to read a book that highlights the relationship between international economics and international politics in such a carefully researched and empirically grounded manner.” — Journal of Cold War Studies

“Gavin presents the chaos and decline of the Bretton Woods system in an accessible, readable, quite enjoyable narrative. Not a well-structured and well managed monetary system, Bretton Woods was a contentious, politicized, volatile arena full of clashes among the US, Germany, Britain, and France. As such, monetary relations reveal much about what lies below the surface of traditional, security-focused accounts of Cold War allies.” — CHOICE

“Gavin has produced an excellent study of the relationship between international finance and national security policy during the first half of the Cold War. It is the history of political economy at its best.” — Randall Bennett Woods, University of Arkansas