About this item
The 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. Before that weekend, all national currencies were valued to the U.S. dollar, which was convertible to gold at a fixed rate. 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 prosperity the world has ever seen.
About the Author
Jeffrey E. Garten teaches courses on the global economy at the Yale School of Management, where he was formerly the dean. He was the undersecretary of commerce for international trade in the Clinton administration, and before that a managing director of the Blackstone Group and Lehman Brothers on Wall Street.His articles have appeared in the New York Times, Wall Street Journal, Financial Times, Newsweek, BusinessWeek, Foreign Affairs, Foreign Policy, and the Harvard Business Review, and he is the author of five books on global economics and politics. He is has been a frequent speaker around the world on global politics, global economics, and global leadership.www.jeffreygarten.com
