In 1921 Austria became the first interwar European country to experience hyperinflation. The League of Nations, among other actors, stepped in to help reconstruct the economy, but a decade later Austria’s largest bank, Credit-Anstalt, collapsed. Historians have correlated these events with the banking and currency crisis that destabilized interwar Europe—a narrative that relies on the claim that Austria and the global monetary system were the victims of financial interlopers. In this corrective history, Nathan Marcus deemphasizes the destructive role of external players in Austria’s reconstruction and points to the greater impact of domestic malfeasance and predatory speculation on the nation’s financial and political decline.

Consulting sources ranging from diplomatic dossiers to bank statements and financial analyses, Marcus shows how the League of Nations’ efforts to curb Austrian hyperinflation in 1922 were politically constrained. The League left Austria in 1926 but foreign interests intervened in 1931 to contain the fallout from the Credit-Anstalt collapse. Not until later, when problems in the German and British economies became acute, did Austrians and speculators exploit the country’s currency and compromise its value. Although some statesmen and historians have pinned Austria’s—and the world’s—economic implosion on financial colonialism, Marcus’s research offers a more accurate appraisal of early multilateral financial supervision and intervention.

Illuminating new facets of the interwar political economy, Austrian Reconstruction and the Collapse of Global Finance reckons with the true consequences of international involvement in the Austrian economy during a key decade of renewal and crisis.

The roots of conservative Christian skepticism of international politics run deep. In this original work Markku Ruotsila artfully unearths the historical and theological origins of evangelical Christian thought on modern-day international organizations and U.S. foreign policy, particularly in the fierce debates over the first truly international body—the League of Nations.

After describing the rise of the Social Gospel movement that played a vital, foundational role in the movement toward a League of Nations, The Origins of Christian Anti-Internationalism examines the arguments and tactics that the most influential confessional Christian congregations in the United States—dispensational millenialists, Calvinists, Lutherans, and, to a lesser extent, Methodists, Episcopalians, and Christian Restorationists—used to undermine domestic support for the proposed international body. Ruotsila recounts how these groups learned to co-opt less religious-minded politicians and organizations that were likewise opposed to the very concept of international multilateralism. In closely analyzing how the evangelical movement successfully harnessed political activism to sway U.S. foreign policy, he traces a direct path from the successful battle against the League to the fundamentalist-modernist clashes of the 1920s and the present-day debate over America's role in the world.

This exploration of why the United States ultimately rejected the League of Nations offers a lucid interpretation of the significant role that religion plays in U.S. policymaking both at home and abroad. Ruotsila's analysis will be of interest to scholars and practitioners of theology, religious studies, religion and politics, international relations, domestic policy, and U.S. and world history.

An in-depth look at how the ideas formulated by the interwar League of Nations shaped American thinking on the modern global order.
 
In Plowshares into Swords, David Ekbladh recaptures the power of knowledge and information developed between World War I and World War II by an international society of institutions and individuals committed to liberal international order and given focus by the League of Nations in Geneva. That information and analysis revolutionized critical debates in a world in crisis. In doing so, Ekbladh transforms conventional understandings of the United States’ postwar hegemony, showing that important elements of it were profoundly influenced by ideas that emerged from international  exchanges. The League’s work was one part of a larger transnational movement that included the United States and which saw the emergence of concepts like national income, gross domestic product, and other attempts to define and improve the standards of living, as well as new approaches to old questions about the role of government. Forged as tools for peace these ideas were beaten into weapons as World War II threatened. Ekbladh recounts how, though the US had never been a member of the organization, vital parts of the League were rescued after the fall of France in 1940 and given asylum at the Institute for Advanced Study in Princeton.  However, this presence in the US is just one reason its already well-regarded economic analyses and example were readily mobilized by influential American and international figures for an Allied “war of ideas,” plans for a postwar world, and even blueprints for the new United Nations. How did this body of information become so valuable? As Ekbladh makes clear, the answer is that information and analysis themselves became crucial currencies in global affairs: to sustain a modern, liberal global order, a steady stream of information about economics, politics, and society was, and remains, indispensable.

The newly born League of Nations confronted the post-WWI world—from growing stateless populations to the resurgence of right-wing movements—by aiming to create a transnational, cosmopolitan dialogue on justice. As part of these efforts, a veritable army of League personnel set out to shape “global public opinion,” in favor of the postwar liberal international order. Combining the tools of global intellectual history and cultural history, A Violent Peace reopens the archives of the League to reveal surprising links between the political use of modern information systems and the rise of mass violence in the interwar world. Historian Carolyn N. Biltoft shows how conflicts over truth and power that played out at the League of Nations offer broad insights into the nature of totalitarian regimes and their use of media flows to demonize a whole range of “others.”
 
An exploration of instability in information systems, the allure of fascism, and the contradictions at the heart of a global modernity, A Violent Peace paints a rich portrait of the emergence of the age of information—and all its attendant problems.