Failure Of The Gold Standard In The Interwar Years

Abstract: 3 pages in length. As economically advantageous as the gold standard originally seemed at the turn of the century, it ultimately proved "insufficient for achieving economic stability during the interwar period" (Bordo, no date), which inevitably paved the way for the Great Depression. That the Bretton Woods system provided for the adjustable-peg exchange-rate to uphold an indirect connection with gold did not influence its eventual failure due to "inadequate policy tools and theory" (Bordo, no date), a lethal combination that would at last be instrumental in creating managed float and the 1970's Great Inflation. Bibliography lists 4 sources.

Filename: TLCGoldS.rtf

Pages: 3

---

Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

---