“The postwar gold standard spread the shock of the war in two ways, by imparting deflationary bias to national economic policies of gold standard countries in the late 1920s and by indicating that deflation was the appropriate remedy for the ills of the early 1930s. The first tendency created the conditions for the Depression throughout the 1920s. The second pattern directed national economic policies in ways that accentuated the economic decline”
The European financial crisis can be divided into two phases: mid 1929 to mid 1931 and mid 1931 to mid 1933. Industrial production started to decline in the United States in 1929 and the Americans started to worry about domestic speculation. This could be cured by restricting access to credit. The
The European financial crisis can be divided into two phases: mid 1929 to mid 1931 and mid 1931 to mid 1933. Industrial production started to decline in the United States in 1929 and the Americans started to worry about domestic speculation. This could be cured by restricting access to credit. The