Jump to ContentJump to Main Navigation
The Ascent of Globalisation$
Users without a subscription are not able to see the full content.

Harry Blustein

Print publication date: 2015

Print ISBN-13: 9781784992897

Published to Manchester Scholarship Online: May 2016

DOI: 10.7228/manchester/9781784992897.001.0001

Show Summary Details
Page of

PRINTED FROM MANCHESTER SCHOLARSHIP ONLINE (www.manchester.universitypressscholarship.com). (c) Copyright Manchester University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MSO for personal use.date: 23 October 2019

Dawn over Bretton Woods

Dawn over Bretton Woods

Chapter:
(p.42) 3 Dawn over Bretton Woods
Source:
The Ascent of Globalisation
Author(s):

Harry Blutstein

Publisher:
Manchester University Press
DOI:10.7228/manchester/9781784992897.003.0003

The global economic order that emerged at the end of the Second World War was the work of two men: John Maynard Keynes and Harry Dexter White. This chapter describes the tense negotiations between them. Once they had agreed on a final package, however, they worked closely. At an international conference held in Bretton Woods, they convince delegates to create the IMF and World Bank. The ‘third leg’ of the Bretton Woods stool was to be the International Trade Organization (ITO). Negotiations between the main sponsors of the ITO ran into problems early. Will Clayton for the US and Sir Stafford Cripps for the UK, failed to come to an agreement before the Havana Conference, in which the ITO treaty was negotiated. When the resultant ITO charter failed to be ratified, the major trading powers agreed to the General Agreement on Tariffs and Trade (GATT), which saw limited liberalisation of trade. These institutions are the fundamental building blocks of the liberal economic order, designed to ‘make finance the servant, not the master of human desires.’

Keywords:   liberal economic order, John Maynard Keynes, Harry Dexter White, Bretton Woods, International Trade Organization, Will Clayton, Sir Stafford Cripps

Manchester Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.