>From the Znet forum Noam wrote:
What you say is exactly right. The funding (by US taxpayers) approximately matched the capital from Europe to NY banks, capital which could have been used for reconstruction from the war -- but that would not have enriched wealthy Europeans further or strengthened the international dominance of US banks. All of this was well-known and discussed at the time. A standard source is Eric Helleiner, _States and the Reemergence of Global Finance_ (Cornell 1994).