{"product_id":"three-days-at-camp-david-how-a-secret-meeting-in-1971-transformed-the-global-economy-9780062887689","title":"Three Days at Camp David: How a Secret Meeting in 1971 Transformed the Global Economy","description":"\u003cp\u003e\u003cstrong\u003eThe 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.\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003eOver 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. \u003c\/p\u003e\u003cp\u003eIn making his decision, Nixon shocked world leaders, bankers, investors, traders and everyone involved in global finance. Jeffrey E. Garten argues that many of the roots of America's dramatic retrenchment in world affairs began with that momentous event that was an admission that America could no longer afford to uphold the global monetary system. It opened the way for massive market instability and speculation that has plagued the world economy ever since, but at the same time it made possible the gigantic expansion of trade and investment across borders which created our modern era of once unimaginable progress.\u003c\/p\u003e\u003cp\u003eBased on extensive historical research and interviews with several participants at Camp David, and informed by Garten's own insights from positions in four presidential administrations and on Wall Street, \u003cem\u003eThree Days at Camp David \u003c\/em\u003echronicles this critical turning point, analyzes its impact on the American economy and world markets, and explores its ramifications now and for the future. \u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003e\u003ci\u003eGarten, Jeffrey E.:\u003c\/i\u003e\u003c\/b\u003e - \u003cp\u003eJeffrey E. Garten teaches courses on the global economy at the Yale School of Management, where he was formerly the dean. He has held senior positions in the Nixon, Ford, Carter, and Clinton administrations, and was a managing director of Lehman Brothers and the Blackstone Group on Wall Street. His articles have appeared in the \u003cem\u003eNew York Times\u003c\/em\u003e, the \u003cem\u003eWall Street Journal\u003c\/em\u003e, the \u003cem\u003eFinancial Times, Foreign Affairs, Foreign Policy, BusinessWeek\u003c\/em\u003e, and the \u003cem\u003eHarvard Business Review\u003c\/em\u003e, and he is the author of four previous books on global economics and politics.\u003c\/p\u003e","brand":"Harper Paperbacks","offers":[{"title":"Default Title","offer_id":50507949801746,"sku":"9780062887689","price":14.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_f8fe66e5-c8a2-4858-879d-5f934b8b6922.jpg?v=1730870880","url":"https:\/\/surprise-castle.myshopify.com\/products\/three-days-at-camp-david-how-a-secret-meeting-in-1971-transformed-the-global-economy-9780062887689","provider":"Surprise Castle","version":"1.0","type":"link"}