Since it's the 50th anniversary of the end of Bretton Woods on 15th, I’m writing a multi-part series on the history of international monetary regimes. Global monetary history is interesting because it involves countries going on some commodity standard (gold, silver or even a combined bimetallic standard) and then going off it when times are bad. Then, when economic conditions get better they try to reinstate the commodity standard (usually gold the second time around), but run into various problems.
Why Did So Many Countries Join the Gold Standard?
Why Did So Many Countries Join the Gold…
Why Did So Many Countries Join the Gold Standard?
Since it's the 50th anniversary of the end of Bretton Woods on 15th, I’m writing a multi-part series on the history of international monetary regimes. Global monetary history is interesting because it involves countries going on some commodity standard (gold, silver or even a combined bimetallic standard) and then going off it when times are bad. Then, when economic conditions get better they try to reinstate the commodity standard (usually gold the second time around), but run into various problems.