EBOOK Golden Fetters:The Gold Standard and the Great Depression, 1919-1939
Opis
The Gold Standard and the Great Depression, 1919-1939
The causes and course of the Depression of the 1930s remain one of the principal mysteries confronting macroeconomists and economic historians. Golden Fetters provides a new analysis of the Depression, one which explores the connections between the gold standard--the framework regulating international monetary affairs until 1931--and the global economic crisis. It shows how economic policies, in conjunction with the imbalances created by World War I, gave rise to the global crisis of the 1930s. Its central argument is that the gold standard fundamentally constrained the policies that were pursued and that it was largely responsible for creating the unstable economic environment on which they acted.
The causes and course of the Depression of the 1930s remain one of the principal mysteries confronting macroeconomists and economic historians. Golden Fetters provides a new analysis of the Depression, one which explores the connections between the gold standard--the framework regulating international monetary affairs until 1931--and the global economic crisis. It shows how economic policies, in conjunction with the imbalances created by World War I, gave rise to the global crisis of the 1930s. Its central argument is that the gold standard fundamentally constrained the policies that were pursued and that it was largely responsible for creating the unstable economic environment on which they acted.