The Gold Standard and the Great Depression
AbstractThis paper, written primarily for historians, attempts to explain why political leaders and central bankers continued to adhere to the gold standard as the Great Depression intensified. We do not focus on the effects of the gold standard on the Depression, which we and others have documented elsewhere, but on the reasons why policy makers chose the policies they did. We argue that the mentality of the gold standard was pervasive and compelling to the leaders of the interwar economy. It was expressed and reinforced by the discourse among these leaders. It was opposed and finally defeated by mass politics, but only after the interaction of national policies had drawn the world into the Great Depression.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 6060.
Date of creation: Jun 1997
Date of revision:
Publication status: published as Eichengreen, Barry and Peter Temin. "The Gold Standard and the Great Depression." Contemporary European History 9, 2 (2000): 183-207.
Note: DAE ME
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- Bordo, Michael D. & Rockoff, Hugh, 1996.
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- Ben S. Bernanke, 1983.
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NBER Working Papers
1054, National Bureau of Economic Research, Inc.
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- Bernanke, Ben S, 1995.
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Blackwell Publishing, vol. 27(1), pages 1-28, February.
- Ben S. Bernanke, 1994. "The Macroeconomics of the Great Depression: A Comparative Approach," NBER Working Papers 4814, National Bureau of Economic Research, Inc.
- Peter Temin, 1991. "Lessons from the Great Depression," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262700441, December.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Les contrÃ´les de capitaux stimulent-ils les reprises ? Ce que nous enseigne la Grande DÃ©pression
by ? in D'un champ l'autre on 2014-06-16 23:21:00
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