Golden Fetters
The Gold Standard and the Great Depression, 1919-1939
Recommended by Christina Romer, and 1 others. See all reviewsRanked #77 in Development Economics
This book offers a reassessment of the international monetary problems that led to the global economic crisis of the 1930s. It explores the connections between the gold standard--the framework regulating international monetary affairs until 1931--and the Great Depression that broke out in 1929. Eichengreen shows how economic policies, in conjunction with the imbalances created by World War I, gave rise to the global crisis of the 1930s. He demonstrates that the gold standard fundamentally constrained the economic policies that were pursued and that it was largely responsible for creating the... more
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Christina Romer This book is important for helping to answer the question, why was the Great Depression a worldwide phenomenon? (Source)
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