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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.
ONE OF THE NEW YORK TIMES BOOK REVIEW’ S 10 BEST BOOKS OF THE YEAR One of the Best Books of the Year: The Washington Post, The Christian Science Monitor, NPR, Entertainment Weekly, The Economist, The Daily Beast, St. Louis Post-Dispatch In September 1978, three world leaders—Menachem Begin of Israel, Anwar Sadat of Egypt, and U.S. president Jimmy Carter—met at Camp David to broker a peace agreement between the two Middle East nations. During the thirteen-day conference, Begin and Sadat got into screaming matches and had to be physically separated; both attempted to walk away multiple times. Yet, by the end, a treaty had been forged—one that has quietly stood for more than three decades, proving that peace in the Middle East is possible. Wright combines politics, scripture, and the participants’ personal histories into a compelling narrative of the fragile peace process. Begin was an Orthodox Jew whose parents had perished in the Holocaust; Sadat was a pious Muslim inspired since boyhood by stories of martyrdom; Carter, who knew the Bible by heart, was driven by his faith to pursue a treaty, even as his advisers warned him of the political cost. Wright reveals an extraordinary moment of lifelong enemies working together—and the profound difficulties inherent in the process. Thirteen Days in September is a timely revisiting of this diplomatic triumph and an inside look at how peace is made.
The first-ever insider account of Camp David, the president's private retreat, on the seventy-fifth anniversary of its inception. Never before have the gates of Camp David been opened to the public. Intensely private and completely secluded, the president's personal campground is situated deep in the woods, up miles of unmarked roads that are practically invisible to the untrained eye. Now, for the first time, we are allowed to travel along the mountain route and directly into the fascinating and intimate complex of rustic residential cabins, wildlife trails, and athletic courses that make up the presidential family room. For seventy-five years, Camp David has served as the president's private retreat. A home away from the hustle and bustle of Washington, this historic site is the ideal place for the First Family to relax, unwind, and, perhaps most important, escape from the incessant gaze of the media and the public. It has hosted decades of family gatherings for thirteen presidents, from Franklin D. Roosevelt to Barack Obama, including holiday celebrations, reunions, and even a wedding. But more than just a weekend getaway, Camp David has also been the site of private meetings and high-level summits with foreign leaders to foster diplomacy. Former Camp David commander Rear Admiral Michael Giorgione, CEC, USN (Ret.), takes us deep into this enigmatic and revered sanctuary. Combining fascinating first-person anecdotes of the presidents and their families with storied history and interviews with commanders both past and present, he reveals the intimate connection felt by the First Families with this historic retreat.
The presidential retreat, Camp David, has become synonymous with the US image of political power at its highest level. Nelson offers a glimpse into the place and the men who spent time there from Roosevelt to Bush, detailing ephemera and gossip as well as more significant events such as meetings between Kennedy and Eisenhower after the Bay of Pigs, and Carter's sponsoring of negotiations between Begin and Sadat. Includes photographs to round out a wealth of interesting historical research. Annotation copyright by Book News, Inc., Portland, OR
The dilemma of a junior senator, who, while being groomed for the office of Vice President, discovers that the President is a paranoise and shortly will have an important meeting with the Russians.
In September 1978, William Quandt, a member of the White House National Security Council staff, spent thirteen momentous days at Camp David, the presidential retreat in Maryland, where three world leaders were holding secret negotiations. When U.S. President Jimmy Carter, Egyptian President Anwar Sadat, and Israeli Prime Minister Menachem Begin emerged on September 17, they announced a monumental accomplishment: the first peace agreement between Israel and one of its Arab neighbors. Praised by some for laying the foundations for peace between Egypt and Israel, the accords have also been criticized for failing to achieve a comprehensive settlement, including a resolution of the Palestinian question. But supporters and critics alike recognize the importance of what happened at Camp David, and both groups acknowledge the vital role played by the United States in reaching an agreement. There are few eyewitness accounts of the Camp David negotiations. Of the three leaders present, only Jimmy Carter wrote specifically of the talks in Keeping Faith: Memoirs of a President (1982). Neither Sadat nor Begin ever wrote about Camp David. Quandt's book is not only an eyewitness account but a scholar's reconstruction of the event, with insights into the people, politics, and policies. His Camp David has provided a comprehensive and lasting guide to the difficult negotiations surrounding the talks, including the fraught scenario leading up to the meetings at the presidential retreat and the accord that would lead to Sadat and Begin jointly receiving the 1978 Nobel Peace Prize. Praise for Camp David: Peacemaking and Politics "The most authoritative account of a major historic event, written with scrupulous scholarship by a key behind-the-scenes participant." —Zbigniew Brzezinski, Adviser to the President for National Security Affairs, 1977–81 "An excellent piece of work... will represent a major contribution to the acade
The historical figures responsible for today's global economy
The Mind of the CEO offers unprecedented access to the most dynamic business leaders of our time. Reading this book is like being at the World Economic Forum in Davos, Switzerland -- not at the formal presentations but in the hotel bar afterward, where the microphones are turned off and world-famous business leaders say what they really think. Better still, their confidant, Jeffrey Garten, interprets what they say, telling you how their views relate to each other and the world economy, and noting the many important things left unsaid. A revealing glimpse into the future of business, The Mind of the CEO captures as no other book before it what is in the minds of top business leaders and what it means for all of us.
Unique behind-the-scenes account of the Camp David peace talks.
"The author's search for the annihilated Polish community captured in his grandfather's 1938 home movie. Traveling in Europe in August 1938, one year before the outbreak of World War II, David Kurtz, the author's grandfather, captured three minutes of ordinary life in a small, predominantly Jewish town in Poland on 16 mm Kodachrome color film. More than seventy years later, through the brutal twists of history, these few minutes of home-movie footage would become a memorial to an entire community--an entire culture--that was annihilated in the Holocaust. Three Minutes in Poland traces Glenn Kurtz's remarkable four-year journey to identify the people in his grandfather's haunting images. His search takes him across the United States; to Canada, England, Poland, and Israel; to archives, film preservation laboratories, and an abandoned Luftwaffe airfield. Ultimately, Kurtz locates seven living survivors from this lost town, including an eighty-six-year-old man who appears in the film as a thirteen-year-old boy. Painstakingly assembled from interviews, photographs, documents, and artifacts, Three Minutes in Poland tells the rich, funny, harrowing, and surprisingly intertwined stories of these seven survivors and their Polish hometown. Originally a travel souvenir, David Kurtz's home movie became the sole remaining record of a vibrant town on the brink of catastrophe. From this brief film, Glenn Kurtz creates a riveting exploration of memory, loss, and improbable survival--a monument to a lost world"--