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

Barry Eichengreen

Abstract

The gold standard and the Great Depression might appear to be two very different topics requiring two entirely separate books, and the attempt to combine them here reflects Barry Eichengreen's conviction that the gold standard is the key to understanding the Depression. The gold standard of the 1920s set the stage for the Depression of the 1930s by heightening the fragility of the international financial system, and was the mechanism that transmitted the destabilizing impulse from the USA to the rest of the world and magnified that initial destabilizing shock; it was the principal obstacle to ... More

Keywords: credibility, destabilization, economic change, economic instability, economic policy, economic stability, financial instability, financial stability, gold standard, Great Depression, Great War, intellectual change, international cooperation, international financial system, interwar period, political change, USA, World War I

Bibliographic Information

Print publication date: 1996 Print ISBN-13: 9780195101133
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0195101138.001.0001

Authors

Affiliations are at time of print publication.

Barry Eichengreen, author
University of California, Berkeley
Author Webpage