Description The Gold standard is often blamed for causing "the Great Contraction" - the unprecedented collapse of the U.
S.
Instead, they identify the culprit as a now relatively unkn.
Timberlake thoroughly refute that claim.
Humphrey and Richard H.
In Gold, the Real Bills Doctrine, and the Fed: Sources of Monetary Disorder, 1922-1938, preeminent Monetary historians Thomas M. money stock that began after the 1929 stock market crash and led to the Great Depression.
Description The Gold standard is often blamed for causing "the Great Contraction" - the unprecedented collapse of the U.
S