Abstract
Did the establishment of the Gold Exchange Standard at the Genoa Conference (1922) play a role in the Great Crisis of 1929? This has been a strongly argued hypothesis but one which the authors qualify in key respects. Rather they emphasize the globally destabilizing policy pursued by the new monetary hegemon, the Federal Reserve, specially its role in creating the credit bubble and subsequent bust in the Weimar Republic. This chapter includes a historical analysis of dollar hegemony which turns much of the conventional wisdom about this on its head.
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Brown, B., Simonnot, P. (2020). From Birth of Dollar Hegemony Towards the 1929 Crisis. In: Europe's Century of Crises Under Dollar Hegemony. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-46653-4_4
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DOI: https://doi.org/10.1007/978-3-030-46653-4_4
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