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, 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. Based 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, Three Days at Camp David chronicles this critical turning point, analyzes its impact on the American economy and world markets, and explores its ramifications now and for the future.

"How do societies go through major technological, economic and structural changes peacefully? The Nordic Secret explores how Denmark, Norway and Sweden went from poor feudal agricultural societies to rich industrialized democracies thanks to the German educational concept of Bildung. The book also investigates the close relationship between Bildung and contemporary developmental psychology, i.e. the concepts of "ego-development" and "transformative learning". The Nordic Secret concludes with a discussion about what we can learn from this positive transformation and how to apply it in the current global crises"-- Publisher description.

"Here is the definitive history of contemporary Europe, a controversial but authoritative and lively narrative that is destined to become the standard account of the period from 1914 to the present. In this important new book, University of Chicago historian Bernard Wasserstein offers the first serious, full-length history of a century of convulsive change. It is a history of barbarism and civilization, of cruelty and tenderness, of technological achievement and environmental blight, of imperial expansion and withdrawal, of authoritarian repression and of individualism resurgent. Wasserstein provides both a narrative of the main contours of the political, diplomatic, and military history and an analysis of the underpinnings of demographic, economic, and social developments. Most notably, the book explores the evolution of values and sensibilities in a period when, for the first time, God disappeared as a living presence in the minds of most Europeans. Wasserstein argues that barbarism and civilization were not polar opposites: rather they marched hand in hand. Twentieth-century Europe saw incontestable improvements in living conditions for most inhabitants of the continent: average life span was extended by more than half; real incomes increased dramatically; illiteracy was all but eliminated; women, ethnic minorities, and homosexuals advanced closer to equality of respect and opportunity. Yet the century also witnessed some of the most brutish episodes in the recorded history of our species. Hence Wasserstein's conclusion that "greed, selfishness, lies, and cruelty are the stuff of the history of Europe in our time." Drawing on the latest scholarly findings,including recent disclosures of intelligence materials and archival revelations that followed the fall of Communism in Eastern Europe, Wasserstein captures the essence of contemporary European history in an engaging narrative that is by turns grim, humorous, surprising, and enlightening." -- Publisher.

This comprehensive yet accessible text critically traces the complex trajectory of African society, culture, economy, and politics across more than two centures. Appearing nearly two decades after the previous edition was published, the third edition of The Making of Contemporary Africa has not only been revised throughout, but also includes two entirely new chapters: one specifically on the twenty-first century and one on postindependence cultural and social history

"Milton Friedman and George J. Stigler shaped economics as we know it today - their Chicago School laid the groundwork for much of the neoclassical tradition in economic analysis. This book brings together a collection of letters from these two Noble laureates from the post-war years, containing new information about their personal and professional relationships, and also illuminating the development of ideas which are now fundamental to economic theory. The book, edited by Dan and Claire Hammond, contains an introductory chapter, chronologies for Friedman and Stigler, and transcripts of 71 letters written from 1945 to 1957 along with enclosures."--BOOK JACKET

The rich correspondence that preceded the publication of Monopoly Capital Paul A. Baran and Paul M. Sweezy were two of the leading Marxist economists of the twentieth century. Their seminal work, Monopoly Capital: An Essay on the American Economic and Social Order, published in 1966, two years after Baran's death, was in many respects the culmination of fifteen years of correspondence between the two, from 1949 to 1964. During those years, Baran, a professor of economics at Stanford, and Sweezy, a former professor of economics at Harvard, then co-editing Monthly Review in New York City, were separated by three thousand miles. Their intellectual collaboration required that they write letters to one another frequently and, in the years closer to 1964, almost daily. Their surviving correspondence consists of some one thousand letters. The letters selected for this volume illuminate not only the development of the political economy that was to form the basis of Monopoly Capital, but also the historical context—the McCarthy Era, the Cold War, the Cuban Missile Crisis—in which these thinkers were forced to struggle. Not since Marx and Engels carried on their epistolary correspondence has there has been a collection of letters offering such a detailed look at the making of a prescient critique of political economy—and at the historical conditions from which that critique was formed.

Winner of the 2013 National Jewish Book Award, Anthologies and Collections The year 1929 represents a major turning point in interwar Jewish society, proving to be a year when Jews, regardless of where they lived, saw themselves affected by developments that took place around the world, as the crises endured by other Jews became part of the transnational Jewish consciousness. In the United States, the stock market crash brought lasting economic, social, and ideological changes to the Jewish community and limited its ability to support humanitarian and nationalist projects in other countries. In Palestine, the anti-Jewish riots in Hebron and other towns underscored the vulnerability of the Zionist enterprise and ignited heated discussions among various Jewish political groups about the wisdom of establishing a Jewish state on its historical site. At the same time, in the Soviet Union, the consolidation of power in the hands of Stalin created a much more dogmatic climate in the international Communist movement, including its Jewish branches. Featuring a sparkling array of scholars of Jewish history, 1929 surveys the Jewish world in one year offering clear examples of the transnational connections which linked Jews to each other—from politics, diplomacy, and philanthropy to literature, culture, and the fate of Yiddish—regardless of where they lived. Taken together, the essays in 1929 argue that, whether American, Soviet, German, Polish, or Palestinian, Jews throughout the world lived in a global context.

The twentieth century has brought considerable political, social, and economic change for South Africa. While many would choose to focus only on the issues of race, segregation, and apartheid, this book tries to capture another facet: its drive towards modernisation and industrialisation. While considering the achievements and failures of that drive, as well as how it related to ethnic and racial policy making, Bill Freund makes the economic data come alive by highlighting people and places. He proposes that South Africa in the twentieth century can actually be understood as a nascent developmental state, with economic development acting as a key motivating factor. As a unique history of South Africa in the twentieth century, this will appeal to anyone interested in a new interpretation of modern South African economic development or those in development studies searching for striking historical examples

The railways of Manchuria offer an intriguing vantage point for an international history of northeast Asia. Before the completion of the Trans-Siberian railway in 1916, the only rail route from the Imperial Russian capital of St. Petersburg to the Pacific port of Vladivostok transited Manchuria. A spur line from the Manchurian city of Harbin led south to ice-free Port Arthur. Control of these two rail lines gave Imperial Russia military, economic, and political advantages that excited rivalry on the part of Japan and unease on the part of weak and divided China. Meanwhile, the effort to defend and retain that strategic hold against rising Japanese power strained distant Moscow. Control of the Manchurian railways was contested in the Russo-Japanese War of 1904-5; Japan's 1931 invasion and establishment of the puppet state of Manchukuo; the second Sino-Japanese War and World War II in Asia; and, the Chinese civil war that culminated in the Communist victory over the Nationalists. Today, the railways are critical to plans for development of China's sparsely populated interior. This volume brings together an international group of scholars to explore this fascinating history.

Product Description The latest edition of this accessible economic history presents a comprehensive survey of Britain's economic history in the twentieth centry. Extended to provide an overview of the Thatcher years and an examination of the government's radical departures in economic policy during the years 1979-1990, the text has also been revised to incorporate the latest findings from a wide range of literature and comment. Review 'Pollard's book should continue to serve its audience well.' Business History; 'The extraordinary breadth of Professor Pollard's reading and research will make the book indispensable for those interested in the economic history of the period.' English Historical Review About the Author Sidney Pollard is at Bielefeld University.

Book by Pollard, Sidney

Ivan Berend uses a vast range of sources, as well as his own personal experience, to analyze the fortunes of the postwar socialist regimes in Eastern Europe. His comparative approach stretches beyond the confines of economic history to produce a work of political economy, encompassing the cultural and personal forces that have influenced the development of the "Eastern Bloc" countries over the past fifty years. The book is distinguished by its unique combination of time, region and topic, and is a major contribution to the economic history of the twentieth century.

Few figures of interwar Germany were as influential as Leopold Schwarzschild, the brilliant editor of the liberal magazine 'Das Tage-Buch'. In the uncertain years of the Weimar Republic, Schwarzschild became famous for his perceptive political analyses and critique of the economic policies of successive governments in the twilight of Germany's first experiment with democracy. When he was forced to emigrate in 1933, following Hitler's rise to power, he pursued his analysis of developments in Germany from Paris, where he resumed publication of his journal under the new name 'Das Neue Tage-Buch', while also mounting a furious attack on the European powers taken by surprise by the Nazi ascendancy. 'One thing is already beyond question today...', he wrote in the spring of 1933, '...part of the new era is an unremitting descent into some kind of military conflagration'. Winston Churchill, a great admirer of Schwarzschild, made one of his later books required reading for the War Cabinet, yet his campaigning journalism has never before appeared in English. In bringing his writings to an English-speaking readership, Chronicle of a Downfall will restore Leopold Schwarzschild to his rightful place as one of the most poignant chroniclers of the fall of German democracy and the descent of Europe into World War II.