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The Economic Future in Historical Perspective$
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Paul A. David and Mark Thomas

Print publication date: 2006

Print ISBN-13: 9780197263471

Published to British Academy Scholarship Online: January 2012

DOI: 10.5871/bacad/9780197263471.001.0001

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PRINTED FROM BRITISH ACADEMY SCHOLARSHIP ONLINE (www.britishacademy.universitypressscholarship.com). (c) Copyright British Academy, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in BASO for personal use.date: 10 December 2019

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

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

Chapter:
(p.339) 11. Ideology and the Shadow of History: A Perspective on the Great Depression
Source:
The Economic Future in Historical Perspective
Author(s):

Barry Eichengreen

Peter Temin

Publisher:
British Academy
DOI:10.5871/bacad/9780197263471.003.0012

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

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