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- Title
Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy.
- Authors
Sargent, Daniel J.
- Abstract
And it restored the matrix of exchange rate stability that Nixon disrupted in August 1971 when he took the dollar off the gold standard, severing the connection between paper dollars and precious metal that was the foundation for the Bretton Woods monetary system enacted at the end of the Second World War. Keywords: Jeffrey E. Garten; economic policy; Bretton Woods system; Richard Nixon EN Jeffrey E. Garten economic policy Bretton Woods system Richard Nixon 257 260 4 09/05/23 20230701 NES 230701 Jeffrey E. Garten 2021. It is Connally who dominates the discussion at Camp David, where Nixon decided to suspend gold-dollar convertibility and, later, dragoons US allies into revaluing their currencies at the Smithsonian.
- Subjects
BRETTON Woods (N.H.); NIXON, Richard M. (Richard Milhous), 1913-1994; CAMP David (Md.); THREE Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy (Book); INTERNATIONAL finance; ARAB-Israeli peace process; ECONOMIC policy; FOREIGN exchange rates; MEETING minutes
- Publication
New Global Studies, 2023, Vol 17, Issue 2, p257
- ISSN
1940-0004
- Publication type
Article
- DOI
10.1515/ngs-2022-0044