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Golden FettersThe Gold Standard and the Great Depression, 1919-1939$
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Barry Eichengreen

Print publication date: 1996

Print ISBN-13: 9780195101133

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0195101138.001.0001

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Postwar Instability

Postwar Instability

(p.100) 4 Postwar Instability
Golden Fetters

Barry Eichengreen (Contributor Webpage)

Oxford University Press

The chapter covers the postwar boom and slump, which provided a first indication of how radically the environment had changed since before World War I, although contemporaries did not appreciate its lessons adequately. The different sections of the chapter look at the transition to generalized floating of exchange rates, the postwar boom and the postwar slump (1919–1921), and the aftermath of these.

Keywords:   boom, economic instability, exchange rates, floating exchange rates, interwar period, postwar boom, postwar slump, slump, World War I

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