Bretton Woods Harry Dexter White Soviet Spy

A Soviet Spy (Harry Dexter White) at Center of Bretton Woods and the Creation of the American Monetary System

Your Monetary System was Created by the Help of a Soviet Spy

Bringing to bear new and striking archival evidence, author Benn Steil offers the most compelling portrait yet of the complex and controversial figure of Harry Dexter White in his new book, “The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order.”

Who is Benn Steil?

Benn Steil

Benn Steil, Economist and the author of “The Battle of Bretton Woods” works for the Council on Foreign Relations (CFR).Dr. Benn Steil is senior fellow and director of international economics at the Council on Foreign Relations in New York.  He is also the founding editor of International Finance, a top scholarly economics journal, and lead writer of the Council’s Geo-Graphics economics blog.

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Prior to his joining the Council in 1999, he was director of the International Economics Programme at the Royal Institute of International Affairs in London.  He came to the Institute in 1992 from a Lloyd’s of London Tercentenary Research Fellowship at Nuffield College, Oxford, where he received his MPhil and DPhil (PhD) in economics.  He also holds a BSc in economics summa cum laude from the Wharton School of the University of Pennsylvania.

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Harry Dexter White

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What is Bretton Woods?

DEFINITION of ‘Bretton Woods Agreement:’ A landmark system for monetary and exchange rate management established in 1944. The Bretton Woods Agreement was developed at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire, from July 1 to July 22, 1944.

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The Bretton Woods system of monetary management established the rules for commercial and financial relations among the United States, Canada, Western Europe, Australasia and Japan in the mid-20th century.

The Bretton Woods exchange-rate system saw all currencies linked to the dollar, and the dollar linked to gold. The “Bretton Woods Conference,” as it has come to be known, was officially called the United Nations Monetary and Financial Conference.

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