The Convertibility Crisis and its Aftermath
This chapter discusses the convertibility crisis that arose as the international situation was becoming clearer and Cold War divisions sharper, and even though the American commitment to Western Europe had yet to take shape. British foreign policy reacted to and sought to bring about changes in this demanding new environment. The balance of payment crisis raised a number of important questions about the National Service scheme, including how many men would be conscripted in a given year and on what basis exemptions from service would be granted. It was apparent by the end of July 1947 when Cabinet began to consider the consequences of sterling convertibility and Dalton’s proposals, which included drastic reductions in the number of troops overseas and in the armed forces as a whole.
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.