Key Insights & Memorable Quotes
The most popular highlights from The Cold War: A Very Short Introduction, saved by readers on Screvi.
On 19 July 1956, Secretary of State Dulles abruptly announced that the United States was rescinding its Aswan Dam financing offer. ‘May you choke to death on your fury’, a defiant Nasser railed at the United States. World Bank President Eugene Black warned Dulles that ‘all hell might break loose’.
The military-strategic dimensions of world order were, in American thinking, inseparable from the economic dimensions. US planners viewed the establishment of a freer and more open international economic system as equally indispensable to the new order they were determined to construct from the ashes of history’s most horrific conflict. Experience had instructed them, Secretary of State Cordell Hull recalled, that free trade stood as an essential prerequisite for peace. The autarky, closed trading blocs, and nationalistic barriers to foreign investment and currency convertibility that had characterized the depression decade just encouraged interstate rivalry and conflict. A
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