The problem of American Loans and Credits for Czechoslovakia in 1945–1948

The article is devoted to one of the aspects of the US European policy after World War II: the issue of loans and credits to affected countries. Using the example of Czechoslovakia, the author tries to answer a number of important questions: did Washington have a sound financial and economic policy...

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Autor principal:	A. V. Zorin
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2020
Materias:	history of czechoslovakia (1945–1948) us-czechoslovak relations us financial policy l.a. steinhardt International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/1cb8f7c763d644df8f1ea0edd6517254
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spelling	oai:doaj.org-article:1cb8f7c763d644df8f1ea0edd65172542021-11-23T14:50:42ZThe problem of American Loans and Credits for Czechoslovakia in 1945–19482071-81602541-909910.24833/2071-8160-2020-1-70-56-81https://doaj.org/article/1cb8f7c763d644df8f1ea0edd65172542020-03-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/1272https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The article is devoted to one of the aspects of the US European policy after World War II: the issue of loans and credits to affected countries. Using the example of Czechoslovakia, the author tries to answer a number of important questions: did Washington have a sound financial and economic policy towards this country, what goals did it pursue, what were its results? The study is based on the US Department of State archive documents and papers of the American ambassador to Czechoslovakia L.A. Steinhardt. The US financial policy towards Czechoslovakia in the early post-war years was the subject of intense debate in the United States. The author reveals evidence of serious disagreement between economic and political divisions of the State Department about providing of financial assistance to Prague, its size and terms of lending. Particular attention is paid to Steingardt’s position and his attempts to determine American loans and credits to Prague by upholding the property interests of American citizens. These disagreements hindered the development of a single thoughtful course regarding the Czechoslovak Republic and complicated diplomatic relations with Prague; negotiations on the allocation of large loans for the economic recovery of the Czechoslovak Republic dragged on. A fundamental role in the establishment of a new US political course had Secretary of State James Byrnes’ decision, made in the fall of 1946, on the inadmissibility of providing assistance to countries that have taken anti-American positions. This approach was finally entrenched after the Communists coup in Czechoslovakia in February 1948, when the country entered the Soviet sphere of influence. The article concludes that the post-war US policy was not distinguished by integrity and thoughtfulness.A. V. ZorinMGIMO University Pressarticlehistory of czechoslovakia (1945–1948)us-czechoslovak relationsus financial policyl.a. steinhardtInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 13, Iss 1, Pp 56-81 (2020)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	history of czechoslovakia (1945–1948) us-czechoslovak relations us financial policy l.a. steinhardt International relations JZ2-6530
spellingShingle	history of czechoslovakia (1945–1948) us-czechoslovak relations us financial policy l.a. steinhardt International relations JZ2-6530 A. V. Zorin The problem of American Loans and Credits for Czechoslovakia in 1945–1948
description	The article is devoted to one of the aspects of the US European policy after World War II: the issue of loans and credits to affected countries. Using the example of Czechoslovakia, the author tries to answer a number of important questions: did Washington have a sound financial and economic policy towards this country, what goals did it pursue, what were its results? The study is based on the US Department of State archive documents and papers of the American ambassador to Czechoslovakia L.A. Steinhardt. The US financial policy towards Czechoslovakia in the early post-war years was the subject of intense debate in the United States. The author reveals evidence of serious disagreement between economic and political divisions of the State Department about providing of financial assistance to Prague, its size and terms of lending. Particular attention is paid to Steingardt’s position and his attempts to determine American loans and credits to Prague by upholding the property interests of American citizens. These disagreements hindered the development of a single thoughtful course regarding the Czechoslovak Republic and complicated diplomatic relations with Prague; negotiations on the allocation of large loans for the economic recovery of the Czechoslovak Republic dragged on. A fundamental role in the establishment of a new US political course had Secretary of State James Byrnes’ decision, made in the fall of 1946, on the inadmissibility of providing assistance to countries that have taken anti-American positions. This approach was finally entrenched after the Communists coup in Czechoslovakia in February 1948, when the country entered the Soviet sphere of influence. The article concludes that the post-war US policy was not distinguished by integrity and thoughtfulness.
format	article
author	A. V. Zorin
author_facet	A. V. Zorin
author_sort	A. V. Zorin
title	The problem of American Loans and Credits for Czechoslovakia in 1945–1948
title_short	The problem of American Loans and Credits for Czechoslovakia in 1945–1948
title_full	The problem of American Loans and Credits for Czechoslovakia in 1945–1948
title_fullStr	The problem of American Loans and Credits for Czechoslovakia in 1945–1948
title_full_unstemmed	The problem of American Loans and Credits for Czechoslovakia in 1945–1948
title_sort	problem of american loans and credits for czechoslovakia in 1945–1948
publisher	MGIMO University Press
publishDate	2020
url	https://doaj.org/article/1cb8f7c763d644df8f1ea0edd6517254
work_keys_str_mv	AT avzorin theproblemofamericanloansandcreditsforczechoslovakiain19451948 AT avzorin problemofamericanloansandcreditsforczechoslovakiain19451948
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The problem of American Loans and Credits for Czechoslovakia in 1945–1948

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