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World Economy and National Economies in the Interwar Slump [NOOK Book]

Overview

"In this book an international team of economists and economic historians discuss the relationship between the gold standard and the Great Depression in North America, the UK, France, Germany, India and New Zealand. The results reveal a fascinating interplay between diverse national economic historiographies and the analysis of the Great Depression principally associated with Barry Eichengreen and Peter Temin." "The case studies imply that the 'golden fetters' binding the minds of interwar policy-makers constituted a more powerful 'deflationary
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World Economy and National Economies in the Interwar Slump

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Overview

"In this book an international team of economists and economic historians discuss the relationship between the gold standard and the Great Depression in North America, the UK, France, Germany, India and New Zealand. The results reveal a fascinating interplay between diverse national economic historiographies and the analysis of the Great Depression principally associated with Barry Eichengreen and Peter Temin." "The case studies imply that the 'golden fetters' binding the minds of interwar policy-makers constituted a more powerful 'deflationary bias' than the actual reserve flows under the gold standard. However, a counterbalancing chapter on the Soviet Union challenges the idea that the autarkic alternative was superior." Theo Balderston's introduction discusses the roles of gold reserves and of the reparations conflict in worsening the Great Depression. Eichengreen and Temin themselves contribute a stimulating Afterword with a counterfactual analysis partly challenging that of the Introduction.
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Product Details

  • ISBN-13: 9780230556225
  • Publisher: Palgrave Macmillan
  • Publication date: 12/13/2002
  • Sold by: Barnes & Noble
  • Format: eBook
  • File size: 2 MB

Meet the Author

Theo Balderston is in the Department of History, University of Manchester.

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Table of Contents

List of Figures
List of Tables
Preface
Notes on the Contributors
List of Abbreviations
1 Introduction: The 'Deflationary Bias' of the Interwar Gold Standard 1
2 Understanding the Great Depression in the United States versus Canada 27
3 France in the Depression of the Early 1930s 58
4 Slump and Recovery: The UK Experience 88
5 'Dancing on a Volcano': The Economic Recovery and Collapse of Weimar Germany, 1924-33 105
6 The Interwar Slump in India 143
7 New Zealand in the Depression: Devaluation without a Balance-of-Payments Crisis 172
8 The Soviet Union during the Great Depression: The Autarky Model 191
9 Afterword: Counterfactual Histories of the Great Depression 211
Index 223
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