By the summer of 1944, the Mount Washington Hotel had been mothballed for two years. Nestled deep in the Appalachian mountains, the sprawling resort was once a favorite getaway for wealthy New Englanders. But in the wake of the Great Depression and the second war to end all wars, the end appeared nigh for this silent relic of America’s Gilded Age.
Then the US Treasury department offered its owners a staggering $300,000 if they would host a conference—to start in less than a month. An army of hotel workers and hastily recruited townspeople got to work. On the first of July, 730 delegates from 44 countries checked in and proceeded to conduct one of the most influential economic conferences of all time, carving into history the name of the sylvan outpost where it was held: Bretton Woods.
Known officially as the United Nations Monetary and Financial Conference, the Bretton Woods talks focused primarily on foreign exchange rates (the price of US dollars, say, in British pounds) and other tedious minutia of monetary policy. With the world engulfed in war, few in those days were giving much thought to topics as arcane as these. But some people were giving it quite a lot of thought. One was US Treasury advisor Harry Dexter White, who had been toiling in relative obscurity to forge an exchange rate policy that all nations on earth would agree to. Nothing like this had ever been attempted before.
Now the technocrat from humble roots was about to pull it off, earning recognition and his first official government title: Assistant Secretary to the US Treasury. Harry White would soon experience recognition of another sort, with his name splashed across newspaper headlines—but for reasons having nothing to do with exchange rates, economics, or Bretton Woods.
One of the outcomes of World War 1 was, quite unfortunately, the setting of political and economic conditions that led to World War 2. There were many factors at play, but the isolationist policies of the United States—such as its refusal to join the League of Nations—certainly didn’t help. After the second world war the US would play a far more active political role on the world stage as a key member of the United Nations. Lesser known is how the US propelled itself into the economic center of the post-war world and indeed came to dominate global finance. The man chiefly responsible for this turnabout was a most unlikely fellow.
Consumption of tomato juice is unusually popular on commercial airline flights. For example, German airline Lufthansa estimates they serve about 53,000 gallons (about 200,000 liters) of the stuff a year, which is not too far off from the 59,000 gallons (223,000 liters) of beer they serve annually on their airplanes. Its popularity has something to do with the history of drink service on airplanes. When commercial flights began, alcohol was complimentary and therefore hugely popular. Because of the expense, airlines eventually began charging for booze, but the mixers remained available free of charge.
However, that’s not the whole story. Studies in chambers that mimic airplane cabins in flight indicate there’s a scientific reason for tomato juice’s airborne popularity. The modern airplane cabin’s combination of low pressure, loud engine noise, and desert-like humidity has an impact on a human’s sense of taste. These factors dull humans’ sensitivity to sweet and salty flavors by about 30%, but do not impact the umami flavors that are important to the taste of tomato juice. As a result, people consistently rate tomato juice as tasting better in conditions observed in an airplane than in conditions normally seen on the ground. These studies also found that sour, bitter, and spicy flavors are mostly unaffected.
The same effects that enhance the flavor of tomato juice seem to be partially to blame for airline food’s infamous lack of appeal. In an effort to circumvent the phenomenon, some airlines conduct taste tests in simulated airplane cabins.