Chapter

Ideology and the Shadow of History: A Perspective on the Great Depression

Barry Eichengreen and Peter Temin

in The Economic Future in Historical Perspective

Published by British Academy

Published in print February 2006 | ISBN: 9780197263471
Published online February 2012 | e-ISBN: 9780191734786 | DOI: http://dx.doi.org/10.5871/bacad/9780197263471.003.0012

Series: British Academy Centenary Monographs

Ideology and the Shadow of History: A Perspective on the Great Depression

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The Great Depression is one of those seminal events in the modern world economy on which policy-makers and market participants rely when formulating their conceptions of how market economies behave. This chapter examines the international monetary policy formation during the Great Depression. It argues that the ideology of the gold standard led policy-makers to take actions that accentuated economic distress in the 1930s.

Keywords: Great Depression; market economies; international monetary policy; gold standard; economic distress

Chapter.  9055 words. 

Subjects: Economic History

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