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Profits of PeaceThe Political Economy of Anglo-German Appeasement$
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Scott Newton

Print publication date: 1996

Print ISBN-13: 9780198202127

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198202127.001.0001

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(p.1) Introduction
Profits of Peace

Scott Newton

Oxford University Press

This introductory chapter begins with a discussion of the British policy of appeasement and how it was continued beyond the outbreak of war with the support of the government until Chamberlain's resignation on 10 May 1940, and quite unofficially thereafter. It also traces the roots of the pre-war status quo back at least to the mid-Victorian order, when it became axiomatic for British politics and economics to centre on the defence of free trade, the convertibility of sterling into gold at a fixed rate of exchange, and the balanced budget.

Keywords:   appeasement, historiography, British financial policy, economic recovery

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