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Gold, the dollar and Watergate : how a political and economic meltdown was narrowly avoided

Title: Gold, the dollar and Watergate : how a political and economic meltdown was narrowly avoided / Onno de Beaufort Wijnholds.
Author: Beaufort Wijnholds, J. A. H. de.
Publication: New York : Palgrave Macmillan, 2015.

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Status	Format	Access	Call Number	Item Location
Request for On-site Use Request Scan Available - Can be used on site. Please visit New York Public Library - Schwarzman Building to submit a request in person.	Text	Use in library	JBE 15-63	Schwarzman Building - General Research Room 315

Details

Description

xiii, 291 pages : illustrations; 25 cm

Summary

"In January 1969 as the President Richard Milhous Nixon pledged to make the United States a calmer place, foster peace in the world and strengthen America's position in the world, damaged by the conflict in Vietnam. While Nixon's first priority was ending the War, the economy and the international position of the dollar also required attention. However, the 1970s turned out to be a unique period in history, with the convergence of three crises , each carrying its own dangerous load, but in combination posing a unique political and economic threat to global stability. The Vietnam War turned out to be much costlier than originally envisaged, and as its trading partners posted lower rates of inflation, America was losing its competitive edge. It was frequently running deficits on its overall payments, while European countries were in surplus and accumulating dollars. This led to the gold-dollar crisis. In contrast to the years of dollar scarcity after the Second World War, Europeans no longer wanted to add to their dollar reserves. In addition Nixon also had to tackle the fourfold increase of oil prices in 1973. As evidence came to light on the Watergate scandal, Nixon was losing the confidence of the American public, and foreign investors and politicians. The book examines the problems that Nixon faced during his presidential term, focusing on economics but also the impact of political decisions where they influenced or determined monetary and fiscal policy. "--

Subject

Genre/Form

History.

Bibliography (note)

Includes bibliographical references (pages 275-281) and index.

Contents

Introduction -- Part I. Gold: 1. A Unique Metal ; 2. The Gold Standard ; 3. Gold Loses its Luster ; 4. War Chest, War Loot ; 5. Yellow and Green -- Part II. The Dollar: 1. The Mighty Greenback ; 2. From Dollar Famine to Flood ; 3. Working Toward a Compromise ; 4. Change of the Guard ; 5. Nixonomics ; 6. Showing his Dark Side ; 7. Texas Hold 'Em ; 8. Floating Rudderless ; 9. Closing the Window ; 10. Monetary Diplomacy ; 11. Building an Air Castle ; 12. Nixon Triumphant ; 13. Money Masters -- Part III. Watergate: 1. Escalation ; 2. War and Oil ; 3. Recycling ; 4. No Rest for the Wicked ; 5. The Scourge of Stagflation ; 6. A Middle Eastern Odyssey ; 7. Down to the Wire ; 8. The Recession Bites ; 9. Nixon's Last Stand -- Part IV. Ruin or Revival?: 1. Searching for Stability ; 2. Stimulate or Deflate? ; 3. Talking Down the Dollar ; 4. The Dragonslayer.

Call Number

JBE 15-63

ISBN

9781137471352 (hardback)
1137471352 (hardback)

LCCN

2014029171

OCLC

882530943

Author

Beaufort Wijnholds, J. A. H. de.

Title

Gold, the dollar and Watergate : how a political and economic meltdown was narrowly avoided / Onno de Beaufort Wijnholds.

Publisher

New York : Palgrave Macmillan, 2015.

Type of Content

text

Type of Medium

unmediated

Type of Carrier

volume

Bibliography

Includes bibliographical references (pages 275-281) and index.

Chronological Term

1900 - 1999

Research Call Number

JBE 15-63

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