The Political Economy of the Special Relationship: Anglo-American Development from the Gold Standard to the Financial Crisis

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How America's global financial power was created and shaped through its special relationship with BritainThe rise of global finance in the latter half of the twentieth century has long been understood as one chapter in a larger story about the postwar growth of the United States. The Political Economy of the Special Relationship challenges this popular narrative. Revealing the Anglo-American origins of financial globalization, Jeremy Green sheds new light on Britain's hugely significant, but often overlooked, role in remaking international capitalism alongside America.Drawing from new archival research, Green questions the conventional view of international economic history as a series of cyclical transitions among hegemonic powers. Instead, he explores the longstanding interactive role of private and public financial institutions in Britain and the United States--most notably the close links between their financial markets, central banks, and monetary and fiscal policies. He shows

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