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Number of Pages 4
This research paper: A 4 page book review. Francis J. Gavin, who teaches at the Lyndon B. Johnson School at the University of Texas, has written an intriguing assessment of post-World War II American international monetary policy (Gold, Dollars and Power, 2000). Specifically, Gavin addresses the era in which the Bretton Woods system was in ascendancy and he argues that, contrary to popular belief among historians and political scientists, the Bretton Woods system was "terminally ill" before Richard Nixon took office as president. Gavin points out that "It has long been an article of faith that the Bretton Woods regime was the most effective, stable international monetary system in modern history" (Gavin 9). However, his text takes exception with this position and argues that historians have basically misunderstood the Bretton Woods system in several significant ways. No additional sources cited.
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