On August 15, 1971, President Nixon announced that the United States would no longer convert dollars into gold or other primary reserve assets, effectively ending the Bretton Woods regime that had governed post-World War II international monetary relations. Complementing earlier works that emphasize international political and economic factors, Joanne Gowa's book examines the ways in which domestic influences contributed to this crucial action. In Closing the Gold Window, she argues that the mid-1971 decision was the consequence, in part, of the high priority Nixon administration officials assigned to maintaining U.S. freedom of action at home and abroad. She also maintains that the organization of the U.S. government for the conduct of international monetary policy played a role in the decision that ended the Bretton Woods regime.

Historian Allen J. Matusow now presents the first comprehensive history of Nixon's political economy. He depicts a president who disliked the subject but was forced to pay attention or lose his dream of effecting a historic realignment of the political parties in America. The study derives its authority from extensive archival research in Nixon's presidential papers, including notes by Haldeman and Ehrlichman of crucial conversations in the Oval Office. Matusow shows the poverty of contemporary economic theory, Nixon's willingness to sacrifice the world economy for his domestic political purposes, and his desperate attempts to find something, anything, that might work. Lurching from one set of policies to another, Matusow argues, Nixon achieved only illusory successes that ultimately brought on a decade of economic disaster.

The U.S.-European relationship remains the closest and most important alliance in the world. Since 1945, successive American presidents each put their own touches on transatlantic relations, but the literature has reached only into the presidency of Lyndon Johnson (1963-9). This first study of transatlantic relations during the era of Richard Nixon shows a complex, turbulent period during which the postwar period came to an end, and the modern era came to be on both sides of the Atlantic in terms of political, economic, and military relations.

The biography of Milton & Rose Friedman.

One Nation Under Gold examines the countervailing forces that have long since divided America—whether gold should be a repository of hope, or a damaging delusion that has long since derailed the rational investor. Worshipped by Tea Party politicians but loathed by sane economists, gold has historically influenced American monetary policy and has exerted an often outsized influence on the national psyche for centuries. Now, acclaimed business writer James Ledbetter explores the tumultuous history and larger-than-life personalities—from George Washington to Richard Nixon—behind America’s volatile relationship to this hallowed metal and investigates what this enduring obsession reveals about the American identity. Exhaustively researched and expertly woven, One Nation Under Gold begins with the nation’s founding in the 1770s, when the new republic erupted with bitter debates over the implementation of paper currency in lieu of metal coins. Concerned that the colonies’ thirteen separate currencies would only lead to confusion and chaos, some Founding Fathers believed that a national currency would not only unify the fledgling nation but provide a perfect solution for a country that was believed to be lacking in natural silver and gold resources. Animating the "Wild West" economy of the nineteenth century with searing insights, Ledbetter brings to vivid life the actions of Whig president Andrew Jackson, one of gold’s most passionate advocates, whose vehement protest against a standardized national currency would precipitate the nation’s first feverish gold rush. Even after the establishment of a national paper currency, the virulent political divisions continued, reaching unprecedented heights at the Democratic National Convention in 1896, when presidential aspirant William Jennings Bryan delivered the legendary "Cross of Gold" speech that electrified an entire convention floor, stoking the fears of his agrarian supporters. While Bryan never amassed a wide-enough constituency to propel his cause into the White House, America’s stubborn attachment to gold persisted, wreaking so much havoc that FDR, in order to help rescue the moribund Depression economy, ordered a ban on private ownership of gold in 1933. In fact, so entrenched was the belief that gold should uphold the almighty dollar, it was not until 1973 that Richard Nixon ordered that the dollar be delinked from any relation to gold—completely overhauling international economic policy and cementing the dollar’s global significance. More intriguing is the fact that America’s exuberant fascination with gold has continued long after Nixon’s historic decree, as in the profusion of late-night television ads that appeal to goldbug speculators that proliferate even into the present. One Nation Under Gold reveals as much about American economic history as it does about the sectional divisions that continue to cleave our nation, ultimately becoming a unique history about economic irrationality and its influence on the American psyche.

William Safire was a speechwriter for Richard Nixon from 1968 to 1973. During that time, as a Washington insider, Safire was able to observe the thirty-seventh president in his entirety: as noble and mean-spirited; as good and bad; as a man desirous of greatness. Rarely has there been a White House memoir more intimate or revealing in its exploration of the great events that took place "before the fall" of Watergate. In this anecdotal history, Nixon and his associates come alive, not as caricatures, but as men with high and low purpose: Henry Kissinger, William Rogers, H. R. (Bob) Haldeman, John Ehrlichman, Charles Colson, and Arthur Burns struggle not just for power, but for ideals. As William Safire says in his Prologue: "In this memoir, which is neither a biography of [Nixon] nor an autobiography of me nor a narrative history of our times, there is an attempt to figure out what was good and bad about him, what he was trying to do and how well he succeeded, how he used and affected some of the people around him, and an effort not to lose sight of all that went right in examining what went wrong." The book is divided into ten sections, in which run three main themes: the President, the Partisan, and the Person. As a president, Safire discusses Nixon and the Vietnam War, foreign policy, economics, and race relations. As a partisan, he discusses Nixon's attempt to form an alignment across party lines, successful in many respects before the president tolerated the excesses that eventually corrupted his administration. And as a person, Safire finds that Nixon was a mixture of Woodrow Wilson, Machiavelli, Theodore Roosevelt, and Shakespeare's Cassius--an idealistic conniver evoking the strenuous life while he thinks too much. This paperback edition of a classic primary source for historians includes a new introduction by its author. Studded with direct quotations that put the reader in the room where history was being made, Before the Fall is a realistic, shades-of-gray study of the Nixon years.

Foreign Affairs Best Books of the Year (2023) An epic history of the people and institutions that have built the global economy since the Great Depression. In this vivid landmark history, the distinguished economic historian Martin Daunton pulls back the curtain on the institutions and individuals who have created and managed the global economy over the last ninety years, revealing how and why one economic order breaks down and another is built. During the Great Depression, trade and currency warfare led to the rise of economic nationalism—a retreat from globalization that culminated in war. From World War II came a new, liberal economic order. Squarely reflecting the interests of the West in the Cold War, liberalism faced collapse in the 1970s and was succeeded by neoliberalism, financialization, and hyper-globalization. Now, as leading nations are tackling the fallout from Covid-19 and threats of inflation, food insecurity, and climate change, Daunton calls for a return to a more just and equitable form of globalization. Western imperial powers have overwhelmingly determined the structures of world economic government, often advancing their own self-interests and leading to ruinous resource extraction, debt, poverty, and political and social instability in the Global South. He argues that while our current economic system is built upon the politics of and between the world’s biggest economies, a future of global recovery—and the reduction of economic inequality—requires the development of multilateral institutions. Dramatic and revelatory, The Economic Government of the World offers a powerful analysis of the origins of our current global crises and a path toward a fairer international order.