Savannah: Pax Americana

Abstract

Driven through the US Congress by what was described in the New York Herald-Tribune as ‘the most high-powered propaganda campaign in the history of the country’,¹ and reluctantly agreed to by the British Parliament because they were tied to an indispensable loan, in most other member countries the Bretton Woods agreements had been ratified without debate or opposition. Parliaments had hardly, or not at all, been involved in the negotiations, and did not know what they were all about. In most cases, it was a simple formality.