10min chapter

Macro Musings with David Beckworth cover image

20 - Douglas Irwin on Free Trade, the Gold Standard, and American Economic History

Macro Musings with David Beckworth

CHAPTER

France's Gold Holdings and the Impact on the Great Depression

Exploring France's role in exacerbating deflationary pressures during the Great Depression through its hoarding of gold and failure to properly monetize it, shedding light on the global repercussions of individual monetary policies on the larger economy.

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