Wutog
Every major currency abandoned the gold standard during the Great Depression. Britain was the first to do so.
Great Depression
The Gold Standard and the Great Depression
Posts 1 - 4 of 4
replied to: Wutog
tbone
Replied to: Every major currency abandoned the gold standard during the Great Depression....
Analysis suggests that the countries which left the gold standard earliest recovered soonest.
replied to: tbone
bonnieginter
Replied to: Analysis suggests that the countries which left the gold standard earliest...
Some countries, including France and Poland, remained on the gold standard until 1936.
replied to: Wutog
gerryswo
Replied to: Every major currency abandoned the gold standard during the Great Depression....
I am not economically astute. Can you explain what staying on or not staying on the gold standard has to do with how the Depression affected a given country?