By H. W. Brands

Such a lot americans are acquainted with the political heritage of the U.S., yet there's one other heritage woven throughout it, a mostly forgotten history—the tale of the money males. Acclaimed historian H. W. manufacturers brings them again to existence: J. P. Morgan, who stabilized a foundering U.S. Treasury in 1907; Alexander Hamilton, who based the 1st nationwide financial institution, and Nicholas Biddle, lower than whose directorship it failed; Jay Cooke, who helped to finance the Union battle attempt via his then-innovative technique of promoting bonds to bland american citizens; and Jay Gould, who attempted to nook the industry on gold in 1869 and for that reason caused Black Friday and fled for his existence.

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Extra info for The Money Men: Capitalism, Democracy, and the Hundred Years' War Over the American Dollar

Sample text

The principal agent in the initial years of 1975–76 was King Juan Carlos, whose use of the prerogatives inherited from Franco launched the country on the simultaneous process of domestic transition and redefinition of external relations; it was only after ratification of the constitution by referendum in December 1978 that the Union of the Democratic Centre (UCD) and the Socialist party (PSOE) governments of 1979–86 could start the task of fully reshaping Spain’s external relations. Only the Socialist government of 1982–86 possessed the stable parliamentary majority and international prestige, augmented by the King’s receipt of the Charlemagne prize following his crucial role in thwarting the coup d’état of 23 February 1981, to negotiate Spain’s insertion in the Western community of states.

Furthermore, the modern Spanish army, and Franco himself, had been forged in a war against Muslim insurgents in Morocco. A pro-Arab policy made sound ideological sense, however, since at this stage most Arab nations were conservative monarchies which shared Franco’s anti-communism. Additionally, Israel had refused to establish relations with the regime on account of its former association with the Axis powers. Franco’s Spain thus recognized the Arab League in 1946, and supported the Arab cause in the ensuing Middle East war.

Spain’s foreign policy during this period was largely dictated by the struggle for power between rival factions within the regime. The technocrats were primarily interested in obtaining external support for their new economic policy. In this they were backed by Castiella, who sought their support in winning greater religious freedom at home. The minister’s major foreign policy objective was the restoration of Gibraltar to Spanish sovereignty, a goal which largely dictated his enthusiastic endorsement of the UN’s programme of decolonization, which won him Latin American, African and Arab support for his favourite cause.

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