The gold standard fixed currency value to a set gold amount, limiting inflation by tying the money supply to gold reserves.
This is a book project on the “Decline and Fall of the Gold Standard” in the interwar period. The project traces the attempts to restore a cooperative international financial system following World ...
The gold standard was used by most major economies from the late 1800s until it was abandoned by many countries in the wake of the Great Depression. The Great Depression was a period of ...
Before the Christmas break, we ran a short series on how the Great Depression unfolded in ... monetary policy dramatically by dumping the gold standard in 1931 and letting sterling take the ...
Known as the Great Depression, this economic crisis ... Roosevelt took the country off the gold standard and created jobs through new federal public works programs such as the Works Progress ...
The gold standard had been halted as the Great Depression set in. The system brought on a new global economic order, with Western nations leading the way and the U.S. dollar becoming the world’s ...