Financial Diplomacy in London During the Second World War: Towards a New Monetary Order?

2017 ◽  
Vol 26 (2) ◽  
pp. 287-309 ◽  
Author(s):  
STEPHEN G. GROSS

This article explores Nazi visions for a new monetary order in 1940 and compares these plans with European monetary integration after 1945. It shows how Nazi experts identified the same core monetary challenges facing Europe as Allied planners did during and after the Second World War, above all challenges stemming from the Great Depression and associated with the gold standard, international debts, capital scarcity and bilateral treaties. This comparison suggests a certain logic was inherent to reconstructing European monetary relations after the depression, insofar as few viable alternatives seemed open – either in 1940 or after 1945 – to some form of multilateral payment system that was divorced from gold, yet that still fixed Europe's currencies to one another. Ultimately, it argues that 1940 marks an important step in a longer process in which Europe moved away from territorial currencies toward a monetary union, and in doing so expanded the framework of fiat currency beyond national markets to encompass the continent.


Author(s):  
Corinna Peniston-Bird ◽  
Emma Vickers

2016 ◽  
Vol 46 (185) ◽  
pp. 543-560 ◽  
Author(s):  
Ingo Schmidt

This article draws on Marxist theories of crises, imperialism, and class formation to identify commonalities and differences between the stagnation of the 1930s and today. Its key argument is that the anti-systemic movements that existed in the 1930s and gained ground after the Second World War pushed capitalists to turn from imperialist expansion and rivalry to the deep penetration of domestic markets. By doing so they unleashed strong economic growth that allowed for social compromise without hurting profits. Yet, once labour and other social movements threatened to shift the balance of class power into their favor, capitalist counter-reform began. In its course, global restructuring, and notably the integration of Russia and China into the world market, created space for accumulation. The cause for the current stagnation is that this space has been used up. In the absence of systemic challenges capitalists have little reason to seek a major overhaul of their accumulation strategies that could help to overcome stagnation. Instead they prop up profits at the expense of the subaltern classes even if this prolongs stagnation and leads to sharper social divisions.


2017 ◽  
pp. 437-446
Author(s):  
Maria Ciesielska

Men’s circumcision is in many countries considered as a hygienic-cosmetic or aesthetic treatment. However, it still remains in close connection with religious rites (Judaism, Islam) and is still practiced all over the world. During the Second World War the visible effects of circumcision became an indisputable evidence of being a Jew and were often used especially by the so-called szmalcownicy (blackmailers). Fear of the possibility of discovering as non-Aryan prompted many Jews hiding on the so-called Aryan side of Warsaw to seek medical practitioners who would restore the condition as it was before the circumcision. The reconstruction surgery was called in surgical jargon “knife baptizing”. Almost all of the procedures were performed by Aryan doctors although four cases of hiding Jewish doctors participating in such procedures are known. Surgical technique consisted of the surgical formation of a new foreskin after tissue preparation and stretching it by manual treatment. The success of the repair operation depended on the patient’s cooperation with the doctor, the worst result was in children. The physicians described in the article and the operating technique are probably only a fragment of a broader activity, described meticulously by only one of the doctors – Dr. Janusz Skórski. This work is an attempt to describe the phenomenon based on the very scanty source material, but it seems to be the first such attempt for several decades.


2015 ◽  
Vol 12 (1) ◽  
pp. 28-37
Author(s):  
Merja Paksuniemi

This article seeks to demonstrate how Finnish refugee children experienced living in Swedish refugee camps during the Second World War (1939–1945). The study focuses on children’s opinions and experiences reflected through adulthood. The data were collected through retrospective interviews with six adults who experienced wartime as children in Finland and were evacuated to Sweden as refugees. Five of the interviewees were female and one of them was male. The study shows, it was of decisive importance to the refugee children’s well-being to have reliable adults around them during the evacuation and at the camps. The findings demonstrate that careful planning made a significant difference to the children´s adaptations to refugee camp life. The daily routines at the camp, such as regular meals, play time and camp school, reflected life at home and helped the children to continue their lives, even under challenging circumstances.


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