2 results for "Economic History"

Inside the Nixon administration: the secret diary of Arthur Burns, 1969-1974

Burns, Arthur F.
As chairman of the Federal Reserve Board in the seventies, Arthur Burns had a unique view of the Nixon administration. Burns first joined the Nixon administration as an advisor in 1969 and was privy to the dynamics of the president's coterie over the course of six tumultuous years. Now the recently released secret diary of this top-level economist offers a surprisingly candid inside look at Richard Nixon's fall. The diary tracks Burns's growing awareness of Nixon's behind-the-scenes maneuverings and worrisome behavior (such as "insane shouting") and reveals how such things undermined his respect and enthusiasm for the president. Perhaps even more telling, Burns's evaluations of his colleagues provide piercing insights into the president's inner circle, including Henry Kissinger ("a brilliant political analyst, but admittedly ignorant of economics"), George Schultz ("a no less confused amateur economist"), John Connally ("a thoroughly confused politician"), and the "vulgarians" H. R. Haldeman and John Ehrlichman-the only people he thought Nixon felt relaxed around. The Burns diary also offers rare and telling glimpses into the era's economy--particularly an account of how Nixon exerted political pressure to shape monetary policies that helped to fuel the stagflation of the 1970s. The administration sought to close the so-called gold window, an approximate valuation of dollars with gold bullion, by floating the dollar, and the consensus over many years has been that Nixon himself arranged this-speculation now confirmed by Burns's diary. It also underscores the growing pressure Burns felt to serve the needs of Nixon's reelection bid rather than the economic welfare of the nation. Sequestered for decades and unavailable until 2008, this document reveals an honest and relatively apolitical man surrounded by partisans in top administrative positions who were dishonest, inept-or both. "The President has many shortcomings," wrote Burns. "He has few convictions, but now and then he gets into a euphoric mood where he wants to persuade himself that he's a statesman. But his sycophantic advisers cannot even recognize that." Deftly annotated by distinguished historian Robert Ferrell, who provides effective historical context and perspective, the Burns diary is a potent-and poignant-testament to the Machiavellian and often Byzantine world of American presidential politics.
University Press of Kansas 2010-10-28 140 pages

On the front lines of the Cold War: an American correspondent's journal from the Chinese Civil War to the Cuban Missile Crisis and Vietnam

Topping, Seymour
In the years following World War II, the United States suffered its most severe military and diplomatic reverses in Asia while Mao Zedong laid the foundation for the emergence of China as a major economic and military world power. As a correspondent for the International News Service, the Associated Press, and later for the New York Times, Seymour Topping documented on the ground the tumultuous events during the Chinese Civil War, the French Indochina War, and the American retreat from Vietnam, Cambodia, and Laos. In this riveting narrative, Topping chronicles his extraordinary experiences covering the East-West struggle in Asia and Eastern Europe from 1946 into the 1980s, taking us beyond conventional historical accounts to provide a fresh, first-hand perspective on American triumphs and defeats during the Cold War era. At the close of World War II, Topping—who had served as an infantry officer in the Pacific—reported for the International News Service from Beijing and Mao’s Yenan stronghold before joining the Associated Press in Nanking, Chiang Kai-shek’s capital. He covered the Chinese Civil War for the next three years, often interviewing Nationalist and Communist commanders in combat zones. Crossing Nationalist lines, Topping was captured by Communist guerrillas and tramped for days over battlefields to reach the People’s Liberation Army as it advanced on Nanking. The sole correspondent on the battlefield during the decisive Battle of the Huai-Hai, which sealed Mao’s victory, Topping later scored a world-wide exclusive as the first journalist to report the fall of the capital. In 1950, Topping opened the Associated Press bureau in Saigon, becoming the first American correspondent in Vietnam. In 1951, John F. Kennedy, then a young congressman on a fact-finding visit to Saigon, sought out Topping for a briefing. Assignments in London and West Berlin followed, then Moscow and Hong Kong for the New York Times. During those years Topping reported on the Chinese intervention in the Korean conflict, Mao’s Cultural Revolution and its preceding internal power struggle, the Chinese leader’s monumental ideological split with Nikita Khrushchev, the French Indochina War, America’s Vietnam War, and the genocides in Cambodia and Indonesia. He stood in the Kremlin with a vodka-tilting Khrushchev on the night the Cuban missile crisis ended and interviewed Fidel Castro in Havana on its aftermath. Throughout this captivating chronicle, Topping also relates the story of his marriage to Audrey Ronning, a world-renowned photojournalist and writer and daughter of the Canadian ambassador to China. As the couple traveled from post to post reporting on some of the biggest stories of the century in Asia and Eastern Europe, they raised five daughters. In an epilogue, Topping cites lessons to be learned from the Asia wars which could serve as useful guides for American policymakers in dealing with present-day conflicts in Afghanistan and Iraq. From China to Indochina, Burma to Korea and beyond, Topping did more than report the news; he became involved in international diplomacy, enabling him to gain extraordinary insights. In On the Front Lines of the Cold War, Topping shares these insights, providing an invaluable eyewitness account of some of the pivotal moments in modern history.
Louisiana State University Press 2010-03-15 435 pages