Gold and the Gold Standard by Edwin Walter Kemmerer

Author:Edwin Walter Kemmerer [Edwin Walter Kemmerer]
Language: eng
Format: epub, pdf
ISBN: 978-1-61016-174-9
Publisher: McGraw-Hill Book Company
Published: 1944-11-06T16:00:00+00:00

The Brief Life of the Postwar Gold Standard

The final outcome was that, before the new gold standard could be perfected and firmly established, it was destroyed by the world economic crisis of the early thirties. Every country that returned to the gold standard after the war and a few that had established the gold standard de novo gave it up during the years 1929 to 1936. It is often difficult to fix the exact date at which a country actually gave up the gold standard, because the date of the de jure departure from gold was usually later than that of the de facto departure; while the latter, which is the more important, was commonly not a jump but a slide. Among the 59 countries that went off the gold standard between 1929 and 1936, 20 of the more important are listed here, approximately in their chronological order.1

1929

Argentine December

Austria December

Uruguay December

1931

Brazil March

Germany July

United Kingdom September

India September

Norway- September

Denmark September

Sweden September

Canada October

Japan December

1932

Chile April

Peru May-

1933

United States March

1934

Italy May

1935

Belgium March

1936

Poland April

France September

Netherlands September

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