Jump to ContentJump to Main Navigation
Legislating International OrganizationThe US Congress, the IMF, and the World Bank$
Users without a subscription are not able to see the full content.

Kathryn C. Lavelle

Print publication date: 2011

Print ISBN-13: 9780199765348

Published to Oxford Scholarship Online: January 2012

DOI: 10.1093/acprof:oso/9780199765348.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 19 November 2019

Enacting a Multilateral Framework for Finance

Enacting a Multilateral Framework for Finance

Treasury and Congressional Compromise

(p.39) 2 Enacting a Multilateral Framework for Finance
Legislating International Organization

Kathryn C. Lavelle

Oxford University Press

This chapter compares the ratification struggle over the Treaty of Versailles with the passage of the Bretton Woods Agreement Act to demonstrate the legislature’s concern with how multilateralism would alter the checks and balances of American government, and how the institution of Congress was initially able to shape outcomes in international organizations through procedural maneuvers. The chapter argues that in order to surmount the challenges that the Covenant of the League of Nations met in the Senate, the Roosevelt administration included representatives of both political parties and key interest groups early in the process of planning the IMF and World Bank. The administration worked through the National Foreign Trade Council to mobilize a wide-ranging constituency in American civil society. As the act moved through the House and Senate, compromise with powerful committee chairs and the American Bankers Association secured passage. Compromises reached created mechanisms through which initial efforts at congressional advocacy could occur, primarily the National Advisory Council. Nonetheless, during the enactment stage, the Treasury Department organized interest groups with the goal of US membership. Ongoing effort would be required for them to play a major role in the world economy.

Keywords:   Treaty of Versailles, League of Nations, Bretton Woods Agreement Act, multilateralism, American Bankers Association, National Foreign Trade Council, Treasury Department, National Advisory Council

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.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .