Description

Book Synopsis

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.  

In making his decision, Nixon shocked world leaders, bankers, investors, tr

Three Days at Camp David

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    Order before 4pm tomorrow for delivery by Wed 19 Aug 2026.

    A Paperback / softback by Jeffrey E Garten

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      Publisher: HarperCollins Publishers Inc
      Publication Date: Publication Date: 05/07/2022
      ISBN13: 9780062887689, 978-0062887689
      ISBN10: 0062887688

      Description

      Book Synopsis

      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.  

      In making his decision, Nixon shocked world leaders, bankers, investors, tr

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