Profits of Peace

This challenging interpretation of appeasement looks beyond the machinations of foreign policy to the domestic political and economic motivations which lay behind it. The study shows that the British Government, with the backing of the City, the Bank of England, and large-scale industry, worked for an accommodation with Germany right up until 1940 when Churchill became Prime Minister. In this original and controversial account, Scott Newton argues that unofficial contacts continued even beyond 1940, until the Hess affair and Soviet, then American, entry into the war made a separate Anglo-German deal impossible.