Mellon vs. Churchill: The Untold Story of Treasury Titans at War.

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  • Source:
    Publishers Weekly. 12/2/2024, Vol. 271 Issue 46, p51-51. 3/8p. 1 Color Photograph.
  • Additional Information
    • Subject Terms:
      Credit departments; Great powers (International relations); War; War finance; World War I
    • Abstract:
      The article "Mellon vs. Churchill: The Untold Story of Treasury Titans at War" in Publishers Weekly delves into the post-WWI debate between U.S. Treasury Secretary Andrew Mellon and British Chancellor of the Exchequer Winston Churchill over Allied war debt repayment. Mellon advocated for debt repayment to reduce postwar inflation, while Churchill believed forgiving the debt was more ethical and beneficial for America's global standing. The article highlights how the debt issue contributed to economic fallout leading up to WWII and explores the differing perspectives on global unity during the interwar period. [Extracted from the article]