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Abstract. Focusing on the disagreement between Edwin Nourse and Leon Keyserling, two members of the first Council of Economic Advisers, the Truman Administration's gradual shift from Nourse's belief that a choice had to be made between "guns or butter" and Keyserling's claim that an expanding economy permitted large defense expenditures without sacrificing an increased standard of living is explained. In 1949, when Keyserling gained support from such presidential friends as Dean Acheson and Clark Clifford and persuaded the President, Nourse resigned as CEA Chairman, warning about the dangers of budget deficits and increased funding of "wasteful" defense costs. Keyserling succeeded to the chairmanship. He influenced Truman's Fair Deal proposals and the economic sections of National Security Council resolution 68 which, in April, 1950, as serted that the larger armed forces America needed would not affect living standards or risk the "transformation of the free character of our economy."

'More than just a timeline, the Chronology of the Cold War is in-depth chronological narrative organized into sections. Each section carries a clear date and summary heading. The five major sections are I. Cold Peace, 1917-1940 II. The Strange Alliance, 1941-1945 III. Containment and Detente, 1946-1975 IV. Confrontation & Conciliation, 1976-1991 V. Epilogue Based on sections of the Chronological History of U.S. Foreign Relations (Routledge 2003), the book includes significant additional material on Russia, China, arms control, and the Cold War in the Third World. This easy-to-use reference also includes an introductory section reviewing the history leading up to the Cold War from 1917 to 1945, a general bibliography of resources on the Cold War and is illustrated with photographs from presidential libraries and 18 maps."--Publisher description