Research Paper on:
F.J. Gavin/Gold, Dollars and Power

Unformatted Sample Text from the Research Paper:
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. One of the few criticisms that this writer/tutor can legitimately make concerning this scholarly and detailed analysis is  that Gavin assumes that all of his readers are thoroughly familiar with the Bretton Woods regime. In other words, he is writing for a specific audience, i.e., fellow scholars, and  economics students and professionals; however, the general reader may not be as thoroughly cognizant of international monetary policy as Gavins intended audience, and, with a brief addition of Bretton Wood  history, he would have greatly enlarged the appeal of this book. For example, Gavin might have included some background information on the Bretton Woods system, which was formulated  by the US, Great Britain and their wartime allies in the summer of 1944 at a conference held in Bretton Woods, New Hampshire. Highly influenced by the economic theories of  John Maynard Keynes, those present at the conference attempted the rather audacious act of designing a post-war economic order from the ground up. Policymakers at the Bretton Woods conference wanted  to avoid the breakdowns in trade and in the international monetary system that helped to instigate the Second World War out of the wreckage that occurred from the First World