By James C. Van Hook
In a nuanced and clean account, James Van Hook evaluates the yank function in West German restoration and the debates approximately financial coverage inside West Germany. He examines the 1948 West German monetary reforms that dismantled the Nazi command economic climate and ushered within the fabled "European Miracle" of the Nineteen Fifties. by way of leaving behind Nazi period financial controls, the West Germans discarded a pre-1945 monetary and commercial tradition.
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To British planners, this seemed a rather curious way of maintaining security against Germany. “Again it has been accepted that chaos and a starving and bankrupt Germany would not serve the interests of the occupying powers. ”29 To official London, the Morgenthau Plan appeared a threat to, rather than a facilitator of, national security. 27. 8, box 27. 28. Flemings, “Inflation in Germany,” 14 September 1944, PRO, FO 942/150. 29. Troutbeck, “The German Settlement,” 23 January 1945, PRO, FO 371/46865.
46–60. 18. 00119 EW/9-444, reprinted in Foreign Relations of the United States (FRUS), 1944: Quebec Conference, pp. 93–95. ”19 The War Department, like the State Department, reacted with alarm to the developing situation. Henry Stimson, the Republican secretary of war, and especially his assistant secretary, John J. McCloy, had long tried to get the president to focus on the need to decide basic occupation policy for Germany. S. commanders entering Germany. 20 FDR angrily sent the handbook back to Stimson with an order for extensive revisions.
See, for example, Eberhard Schmidt, Verhinderte Neuordnung; and Schmid and Fichter, Der erzwungene Kapitalismus. 3. British views will be discussed in detail in Chapters 2 and 3. No real consensus has yet emerged about the overall meaning of Soviet policies toward Germany. Indeed, the leading studies on the Soviet occupation that have drawn on previously inaccessible materials have stressed the complexity of Soviet relations with its zone and with the rest of Germany. See, for example, Norman Naimarck, The Russians in Germany: A History of the Soviet Zone of Occupation, 1945–1949 (Cambridge, MA: 10:26 P1: IML/SPH CB669-01 P2: IML/SPH QC: IML/SPH T1: IML CB669-Vanhook-v2 February 5, 2004 Planning for Reconstruction 21 “punitive” peace disregarded economic and political realities on the ground in Germany had merit and should not be automatically judged as the selfinterested musings of conservatives.