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Golden Fetters: The Gold Standard and the Great Depression, 1919-1939

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  • Barry Eichengreen

Abstract

This book is a reassessment of the international monetary crises of the post-World War I period that led to the Great Depression of the 1930s. It also analyses the responses of the world economic powers to the Depression and how new monetary policies set the stage for the watershed post-World War II system established at Bretton Woods. It offers new theories of what effect the Great Depression had on the collapse of the world monetary system, and what effect the collapse had on deepening and prolonging the Depression, by exploring the link between global economic crisis and the the gold standard (the framework for international monetary affairs until 1931). The events described had a profound effect upon twentieth-century history: the Depression abetted the rise of Hitler and the demise of the gold standard is a historical cause of inflation. Available in OSO: http://www.oxfordscholarship.com/oso/public/content/economicsfinance/9780195101133/toc.html
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Suggested Citation

  • Barry Eichengreen, 1992. "Golden Fetters: The Gold Standard and the Great Depression, 1919-1939," NBER Books, National Bureau of Economic Research, Inc, number eich92-1, January.
  • Handle: RePEc:nbr:nberbk:eich92-1
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    1. Thorp, Rosemary, 1987. "Trends and cycles in the Peruvian economy," Journal of Development Economics, Elsevier, pages 355-374.
    2. Dornbusch, Rudiger, 1982. "Stabilization policies in developing countries: What have we learned?," World Development, Elsevier, vol. 10(9), pages 701-708, September.
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