British monetary policy, 1945-51

Abstract

Part 1 Cheap money: monetary theory in the early 1940s wartime financial policy the continuation of cheap money. Part 2 Socialist monetary policy: the plans of the 1930s how to pay for the war post-war planning. Part 3 Dalton at the treasury: the breathing space financial reform cheaper money reactions and reasons. Part 4 The end of cheaper money: the balance of payments and the budget the abandonment of cheaper money the impact of cheaper money the failure of cheaper money the finance of nationalization. Part 5 Monetary policy and devaluation 1948-50: the background Jay's campaign devaluation money, prices and the exchange rate 1958-51. Part 6 The end of cheap money: the balance of payments, rearmament and the budget Gaitskell versus Cobbold full employment and financial policy the revival of monetary policy.