Golden Fetters: The Gold Standard and the Great Depression, 1919-1939
May 1992 · Oxford University Press
Ebook
480
Pages
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About this ebook
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.
About the author
Barry Eichengreen is the John L. Simpson Professor of Economics and Professor of Political Science at the University of California at Berkeley, and Research Associate of the National Bureau of Economic Research. He has written a number of books on international monetary issues and economic history, including Elusive Stability: Essays in the History of International Finance (1990).
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