Economy End of the Bretton Woods system

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Economy
& quot ; President Nixon's decision, which shocked everyone involved in the world's finance, showed that the United States could not afford to maintain the world monetary system. At a secret meeting at Camp David over the weekend of August 13-15, 1971, President Nixon and his senior advisers decided to break the link between the dollar and gold. This was both the decisive end of the gold standard and the beginning of a new monetary order. In this wonderful book, the author elaborates on what happened and gives lessons of the day. JeffreyE. Garten. ThreeDaysatCampDavid : HowaSecretMeetingin1971TransformedtheGlobalEconomy (HarperCollins. 2021) & quot ;