Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy Garten Jeffrey E.
Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy Garten Jeffrey E. Now in paperbackThe former dean of the Yale School of Management and Undersecretary of Commerce…
Specifikacia Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy Garten Jeffrey E.
Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy Garten Jeffrey E.
Now in paperbackThe former dean of the Yale School of Management and Undersecretary of Commerce in the Clinton administration chronicles the 1971 August meeting at Camp David, where President Nixon unilaterally ended the last vestiges of the gold standard--breaking the link between gold and the dollar--transforming the entire global monetary system.Over the course of three days--from August 13 to 15, 1971--at a secret meeting at Camp David, President Richard Nixon and his brain trust changed the course of history. dollar, which was convertible to gold at a fixed rate. Before that weekend, all national currencies were valued to the U.S.
That system, established by the Bretton Woods Agreement at the end of World War II, was the foundation of the international monetary system that helped fuel the greatest expansion of middle-class