Golden Fetters: The Gold — Standard And The Great...

For a deeper dive into these concepts, you can explore these resources: The Gold Standard and the Great Depression, 1919-1939

: Unlike the pre-WWI gold standard, which relied on central bank cooperation, the interwar version was fragile and lacked credible commitment. Imbalances from WWI and a lack of international coordination made the system brittle. Golden Fetters: The Gold Standard and the Great...

: The book demonstrates that countries that abandoned the gold standard early—such as Great Britain and several Scandinavian nations—recovered more quickly than those that clung to it. Useful Summaries and Articles For a deeper dive into these concepts, you

: Eichengreen argues that the gold standard was not a stabilizer, but rather the "principal threat" to financial stability. It acted as a "fetter," preventing central banks from lowering interest rates or expanding the money supply to combat the Depression. Useful Summaries and Articles : Eichengreen argues that

Barry Eichengreen’s book, , is a landmark reassessment of how the international monetary system contributed to the global economic crisis of the 1930s. Key Themes & Arguments