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on 12 May 2014
If you want to understand what the gold standard was, its significance for the Great Depression, and its pros and cons then this is the book for you. It gives a detailed chronological account of events from the end of World War I with dozens of tables and figures to illustrate the points being made. The author also gives his opinions as to why the gold standard worked before the First World War, but failed so disastrously in the inter-war period.
As a non-economist reading the book from a general interest point of view I did find it a little humourless (apart from the fascinating cartoons that illustrate certain events) and would have preferred something more along the lines of J. K. Galbraith's wonderful 'The Great Crash1929' with a few more anecdotes and expressions like Galbraith's famous description '....free at last from all threat of government reaction or retribution, the market sailed off into the wild blue yonder.' But maybe I'm being just a little too demanding.
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on 17 June 2009
An excellent survey of policy and economic developments in many countries, not restricted to USA>
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