Is White, who proposed the White Scheme of linking the dollar to gold, really a Soviet spy?

The international financial order designed by Harry Dexter White has established an exchange rate system in which the US dollar is linked to gold and the currencies of member countries are linked to the US dollar. More importantly, this financial system paved the way for the West to dominate the 2th century and win the Cold War. He is an important figure who has influenced American international economic policy since World War II. According to Foreign Affairs magazine, after arriving at the US Treasury in 1934, White quickly weaved an underground network to serve the Soviet Union and began a dangerous "mole career". There is evidence that White disclosed a great deal of valuable information to the Soviet Union

In the 194s, Harry Dexter White, an American, became famous in World War I for creating the Bretton Woods system and laying the foundation of the IMF. However, the controversial identity of the suspected spy of the former Soviet Union became the "Waterloo" of his political career and led to his sudden death.

Recently, researchers found new evidence in Princeton University, which further confirmed the contact fact between White and the intelligence personnel of the former Soviet Union, and also unveiled the "dream of the red world" of a capitalist financial architect.

He established the core position of the US dollar in the world

In October p>1892, White was born into a Lithuanian immigrant family in Boston. When he was young, he worked for the hardware store and navy at home, and didn't begin to receive higher education until he was about 3 years old. After studying at Columbia University, Stanford and Harvard, he taught at Lawrence University in Wisconsin for several years. In 1934, White was unexpectedly invited to the US Treasury. From then on, he left academia and stepped into politics until he paid an official visit to the Assistant Minister of Finance.

Bretton Woods is a place to change the world economic order after World War II, and it is also where White makes the world sit up and take notice.

In July p>1944, 73 representatives of 44 wartime allies, including the Soviet Union, held a monetary and financial conference in Bretton Woods, New Hampshire, USA. At this meeting, White shined brilliantly. As the soul of the American delegation, he strongly refuted the opinion of john keynes, the British representative, and decided that the US dollar would replace the British pound as a reserve currency and an international means of settlement.

For Keynes's proposal of establishing a mechanism to balance the economic strength of the United States, he argued that its function should be a vassal of the economic strength of the United States, and a financial mechanism with the US dollar as the core should be established to promote the growth of world trade. This is the International Monetary Fund (IMF) that he almost became the top leader later.

There is no doubt that the post-war financial system designed by White can accelerate the global spread of liberal capitalism. Because of the pioneering work of the Bretton Woods Conference, White is regarded as a "hero" of the capitalist world and the United States. His dollar "centrism" was greatly touted by Roosevelt. In December 1945, the Bretton Woods Agreement came into effect, which ended the long-term chaotic old international financial order and established an exchange rate system linking the US dollar to gold and the currencies of member countries to the US dollar. More importantly, the new financial system paved the way for western capital countries to dominate the 2th century and win the Cold War.

Although Keynes often complained that White was rude and conceited, he still sincerely admired and gave enough respect to the latter's strategic vision.

White's internal report published in the Ministry of Finance reflects his clear understanding of international policies and his extraordinary ability to explain these issues in concise language. He is an important figure who has influenced American international economic policy since World War II.