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What is Gold Standard about?

This document discusses the gold standard monetary system and its role in the Great Depression. It provides background on how the gold standard worked, its adoption by major countries between 1880-1914, and its temporary abandonment during WWI to allow more money printing for war efforts. When the US economy slowed in the late 1920s due to interest rate hikes and decreased demand, the inability to increase money supply due to the gold standard exacerbated the Great Depression. Britain abandoned the gold sta

Author

Yman Gio Bumanglag

Language

EN