The Marshall Plan: Dawn of the Cold War
Simon & Schuster, £24.58
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
This year sees the 70th anniversary of the European Recovery Program. This project, popularly known as the Marshall Plan, is credited with sparking western Europe's rapid recovery from World War II, and the subsequent economic boom of the 1950s and 1960s.
Benn Steil's account is "the most detailed yet of the lengthy, constantly evolving initiative", says Hope Harrison in The Washington Post. As well as the story of the plan, Steil covers "the division of Germany, the founding of Nato and, as the subtitle of his book indicates, the dawn of the Cold War".
It "is elegant in style and impressive in insights", says the FT's Tony Barber. Steil "has an enviable gift for presenting complex economic and geopolitical issues in crisp, readable prose". The book argues that, "although the Americans held the purse strings and emphasised the need for western European economic integration, they did not dictate the specific paths to recovery charted in Britain, France and Italy". It also reminds readers that "the Marshall Plan came with grave, perhaps unavoidable costs", including the Czech coup of 1948. Still, Steil concludes that the plan "was a remarkable success".
With "a large cast of statesmen, spies and economists that perhaps only Dickens could have corralled with ease", this book is "slow going at first", says Timothy Naftali in The New York Times. However, it "builds intellectual excitement as the characters act and react to one another". Overall, this is "an ambitious, deeply researched narrative" that "delineates the interlocking gears of international politics and economics in early postwar Europe".
-
British Airways revamps Avios scheme bringing down flight prices to £1With the new Avios part-payments scheme you can now bag a British Airways flight for as little as £1
-
RBS to close a fifth of branchesRoyal Bank of Scotland plans to shut 18 branches across Scotland, resulting in the loss of 105 jobs. We have the full list of closures.
