By Onno de Beaufort Wijnholds
The e-book examines the issues that Nixon confronted in the course of his presidential time period, targeting economics however the position of politics is additionally highlighted. The convergence of the gold-dollar crises, oil crises and Watergate imbroglio posed a special political and financial risk to international balance.
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Additional info for Gold, the Dollar and Watergate: How a Political and Economic Meltdown Was Narrowly Avoided
Secretary of the treasury and who chaired the meetings. ”71 Only 6 weeks after the Savannah gathering, Keynes died of heart failure. The same fate awaited White, who passed away in August 1948 just a few days after testifying that he was not a communist before the House Un-American Activities Committee. His accuser was Whittaker Chambers, a former member of the American Communist Party, who later testified in the Alger Hiss spy case during which Richard Nixon—then a young Congressman—made a name for himself as a fervent anti-communist.
Its president, Gerard Vissering, was deeply shocked. Less than a month earlier, he had visited the Bank of England to inquire whether the Dutch sterling investments were safe; there had been strong speculative pressure on the pound. On that occasion, he had been received by the Bank of England’s deputy governor, Sir Ernest Harvey—the governor, Montagu Norman, being on a month-long holiday in Canada—who assured Vissering that he had nothing to fear after the forthright Dutchman asked for a guarantee that the Netherlands Bank would continue to be able to exchange its pounds for gold at the prevailing fixed rate.
The former professor could now study the Keynes and White proposals and the statutes of the IMF. Soon after the end of the war, Lieftinck joined the Dutch government as minister of finance and in that capacity was involved in international monetary matters in which he had an edge over other ministers from formerly occupied Europe. Ten years later, Lieftinck became an executive director of the IMF, representing the Netherlands and a few other countries for 22 years. 36 Gold, the Dollar and Watergate Stalin pulls back Life for the IMF officially started on March 8, 1946, with an inaugural meeting held in the General Oglethorpe Hotel in Savannah, Georgia.