Gold, the Dollar and Watergate [electronic resource] : How a Political and Economic Meltdown was Narrowly Avoided /
Beaufort Wijnholds, Onno de.author.
The book examines the problems that Nixon faced during his presidential term, focusing on economics but the role of politics is also highlighted. The convergence of the gold-dollar crises, oil crises and Watergate imbroglio posed a unique political and economic threat to global stability.
Description based upon print version of record.
Title; Copyright; Contents; List of Figures; Preface; Acknowledgements; Introduction; Part I Gold; 1. A unique metal; Monetary gold; The golden fleece; A brief bout of bimetallism; 2. The gold standard; Britain leads the way; The golden age; The gold bullion standard; 3. Gold loses its luster; Back to normal?; The gold exchange standard; Breaking out of the golden cage; A rude shock; Reverse gold rush; Setting the gold price; Dollar devaluation; 4. War chest, war loot; Building a war chest; War loot; Gold raids; The Dutch experience; 5. Yellow and green; The odd couple
A remarkable achievementSharing the pie; The education of a POW69; Stalin pulls back; Part II The Dollar; 1. The mighty greenback; Europe devalues; The IMF takes off; Jacobsson takes over; Cutting-edge research78; 2. From dollar famine to flood; An Atlantic citizen80; The Triffin dilemma; The dollar under attack; The gold pool85; Palliatives; A rich man's club; Emptying Fort Knox; The president speaks; From Frost to Fowler; 3. Working toward a compromise; Floating as a fix; A matter of prestige; Getting serious; In a boat with an elephant; Successful cooperation113
The invention of paper goldA great moment in history?; Toil and trouble; Bizarre in Bonn; French faux pas; The U.S. versus the rest; 4. Change of the guard; Assembling a team; A mixed bag; All the president's men; Monetary point man134; A pragmatist; 5. Nixonomics; A mismatch; An early setback; Marking his territory; Getting acquainted; A black sheep; 6. Showing his dark side; Political economics; A sage at the fed; Nixon's helper?; Unholy trinity; 7. Texas hold 'em; Spunky character; Benign neglect; Getting physical; No monetary magic; Dark horizon; 8. Floating rudderless; Breaking the rules
Volcker plans aheadTake that; Japanese jitters; The writing on the wall; Rocking the boat; Impending doom; 9. Closing the window; A mountain of greenbacks; Conspiracy at Camp David; Burns balks; Burns backs off; A masterly performance; U.S. happy, Europe sad; Salesman Connally; Nixon shock; 10. Monetary diplomacy; A stroke of the pen; Advocating devaluation; Keeping it in the G-10; Posturing and leaking; Parleying and partying; Bad chemistry; Covert action; Crunching numbers; Changing fortune; John Connally, actor; Letting the cat out of the bag; Japan in the dark; It's your problem
Eyes glazing over11. Building an air castle; Turning up the heat; Not impartial; Fight and flight; Making world history?; Selling the settlement; The crisis returns; A European snake; 12. Nixon triumphant; Let's make a deal; In the saddle again; Shultz versus Burns; Who cares?; Economy and election; A third-rate burglary; The mysterious Deep Throat; Foreign policy to the fore; Connally: political advisor; Fighting cancer; Inflation on the rise; The flying U-boat; Chez Giscard; A third devaluation?; From dirty to managed floating; 13. Money masters; Steady Shultz; A paradoxical patrician
A charismatic chancellor
Includes bibliographical references and index.
The book examines the problems that Nixon faced during his presidential term, focusing on economics but the role of politics is also highlighted. The convergence of the gold-dollar crises, oil crises and Watergate imbroglio posed a unique political and economic threat to global stability.
Macroeconomics.
International economics.
Economic policy.
Economic history.
Political economy.
Macroeconomics/Monetary Economics//Financial Economics.
International Economics.
Economic Policy.
Economic History.
International Political Economy.