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From the growing reliance upon international finance and the devastating repercussions of two World Wars, Steil weaves together an important narrative that tells the story of America's rise to the world stage as a major power. Britain's reign of dominance comes to an abrupt end under the weight of the Second World War and the dependence of their territories. Reliance on foreign aid and mounting debt put Britain in a precarious situation for which the United States capitalized on to secure its place as the dominant world power. Through the ideas and experiences of two brilliant economists, Harry White and John Keynes, were guided through the creation and implementation of an economic solution to remedy, and further amalgamate the global financial framework. At Bretton Woods, White and Keynes promote slightly different plans that form the International Monetary Fund and World Bank; organizations designed to monitor, stabilize, and assist international finance. To Britain, and much of the world's chagrin, the organizations are formed in a manner that benefited the United States post-World War Two position as a creditor nation. Dollar dominance in the newly designed financial markets promotes short-term growth for the United States. However, financial mismanagement and over-extension soon lead the U.S. down a path of monetary hardship that ultimately results in our current situation as debtor nations (much like Britain was when the story began). The author ends the narrative by chronicling the effects of Bretton Woods on the United States, Britain, and international finance from the mid-twentieth century to the present. This book tells the remarkable story of America's rise to power through a financial lens. Steil is a wonderful writer who describes complex ideas of monetary policy, international economics, and currency manipulation in such a manner that is easy to understand and leaves the reader wanting more.

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Reviewed in the United States on August 16, 2013

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Alfred H.

San Leandro, US

★★★★★ 5

A concise, readable history of European developments prior to W.W. i.

Format: Paperback

This is part of a 4 volume series on (primarily) European history covering the development of the French and Industrial revolution(s) with particular emphasis on the Belle Epoque that marked the end of nearly 100 years of peace among the European Powers. It covers a variety of topics ranging from the emergence of the working classes; the role of the middle class; industrial capitalism; nationalism; the sciences and the arts; and, even a chapter on the "New Woman". Quite encompassing in its treatment and its analysis of the a period that serves as a background to the twentieth century.

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Reviewed in the United States on August 3, 2018

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Juan Manuel Wills

Cuba, US

★★★★★ 5

Un comentario

Format: Paperback

El mundo burgués generó desarrollos muy importantes para los habitantes de Europa Occidental particularmente; incrementó de manera importante los niveles de vida de una porción significativa de la sociedad, introdujo innovaciones claras en las ciencias, en lo educativo, en el comercio global y en el intercambio entre diferentes culturas. Mejoró la productividad, las comunicaciones, la alimentación......Pero también incorporó consigo tendencias negativas y difíciles que cambiaron para siempre la interrelación entre pares al crearse una diferencia significativa de clases, la alta, burguesa y la trabajadora y proletaria, continuó la discriminación sobre la campesina, estableció el concepto forzado de nacionalismo, transformó a los países mas desarrollados en imperios con ansias de crecimiento y de dominio de los menos preparados, se evidenció la explotación del tercer mundo, se inició el armamentismo y la instigación a la guerra que culminó con la desastrosa confrontación de 1914. El mundo, a partir de ese momento no volverá a ser igual. Todos estos conceptos, esta historia, están amenamente descritos por el autor, con un gran conocimiento de la época y con una inteligente asociación de los acontecimientos para hacer entender al lector sus grandes transformaciones e implicaciones. Como los otros tres libros de la serie, lo recomiendo ampliamente. Permite entender todo la evolución de nuestra civilización en los dos últimos siglos así como la influencia generada por los grandes imperios de la época y sus pensadores

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Reviewed in the United States on November 28, 2011

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Peyman ADL DOUSTI HAGH

Chelsea, US

★★★★★ 5

This is a good book to read and understand how the European nations ...

Format: Paperback

This is a good book to read and understand how the European nations deployed their armies around the world to extract natural resources from other nations. Now, we have developing and underdeveloped nations.

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Reviewed in the United States on October 1, 2017

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Al Singh

Whiting, US

★★★★★ 4

Interesting book, dull period

Format: Paperback

As a Marxist historian, Hobsbawm sees the world at this time, as well as the modern world, as a playground for the forces of capitalism. He apologizes for taking a eurocentric approach to world history, while acknowledging that Europe largely determined the course of world events during this period. In spite of the title, there actually isn't much discussion of colonial empires; Hobsbawm seems more interested in how the Age of Empire affected the rulers more than the ruled. His Marxist sympathies are in evidence and at times make his conclusions a bit predictable, but some of his cultural critiques are quite brilliant. The chapter on the dilemmas posed by modern science is exceptional. Reading a book like this seems to me much more interesting than actually living in this period would have been.

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Reviewed in the United States on May 23, 2014