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Conscription and the Attlee GovernmentsThe Politics and Policy of National Service 1945–1951$
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L. V. Scott

Print publication date: 1993

Print ISBN-13: 9780198204213

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198204213.001.0001

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The Convertibility Crisis and its Aftermath

The Convertibility Crisis and its Aftermath

Chapter:
(p.154) 7 The Convertibility Crisis and its Aftermath
Source:
Conscription and the Attlee Governments
Author(s):

L. V. SCOTT

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198204213.003.0007

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.

Keywords:   convertibility crisis, Cold War, balance of payment crisis, National Service scheme, sterling convertibility, Dalton, foreign policy

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