Based on public and declassified US government records, this essay discusses the attitude of the US Nixon administration (1969-74) toward transnational capital mobility. Its conclusions largely support the view that the administration actively and deliberately contributed to the globalization of finance, cautiously but consciously undermining the Bretton Woods system in the process.
Turning the “unthinkable” into reality: the Nixon administration, capital mobility, and the transition away from Bretton Woods, 1969-74
D. BASOSI
2026
Abstract
Based on public and declassified US government records, this essay discusses the attitude of the US Nixon administration (1969-74) toward transnational capital mobility. Its conclusions largely support the view that the administration actively and deliberately contributed to the globalization of finance, cautiously but consciously undermining the Bretton Woods system in the process.
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Basosi 2026 - Turning the «unthinkable» into reality.pdf
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