In this book, originally published in 1936, the author charts the sequence of events which converted him from an advocate of the restoration of the gold standard to a convinced opponent. His indictment of the gold standard is comprehensive and he attributes it as the chief cause of the economic difficulties of the 1920s. An invaluable commentary on the monetary instability of these crucial years, this book was written not only for economists and bankers but also for those interested in following the narrative of the most tumultuous events in the history of money.
Table of Contents
1. The Gold Standard in the Light of Pre-War Experience 2. The Post-War Reconstruction of the Gold Standard System 3. The Disruption of the New System 4. Postponement of Monetary Reform 5. The End of the Gold Standard 6. The London Conference 7. Silver 8. The Principal Monetary Systems After the London Conference 9. The Illusion of a Return to Gold. Index.