An article in the Economist observes, When the Depression [of the 1930s] struck, this gold standard became

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An article in the Economist observes, "When the Depression [of the 1930s] struck, this gold standard became a noose around the necks of struggling economies." In what sense was the gold standard a "noose around the necks of struggling economies" during the 1930s?
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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