| Book Review | The American Historical Review, 108.5

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| Book Review | The American Historical Review, 108.5 | The History Cooperative

Book Review

Comparative/World

Hubert Zimmermann. Money and Security: Troops, Monetary Policy, and West Germany's Relations with the United States and Britain, 1950–1971. New York: Cambridge University Press, and Washington, D.C.: German Historical Institute. 2002. Pp. xvi, 275. $45.00.

Arguing that much of the literature on the Cold War focuses on military and alliance politics without due consideration of the economic dimension, Hubert Zimmermann sets out to redress this imbalance by reintegrating economic and monetary policy into the historiography of the period. Zimmermann's study of British, American, and German security politics in the 1950s and 1960s examines the interaction between the political-military sphere and the economic-monetary sphere. His detailed study of the reccurring negotiations that linked British and American troop levels in the Federal Republic to German "offset payments" clearly demonstrates the interdependence of security and economic issues, with concerns about balance of payments, currency stability, and the viability of the Bretton Woods system jostling against military commitments and security obligations.

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