Monetary Reconstruction (Classic Reprint) - Hardcover

Ralph George Hawtrey

9780366587285: Monetary Reconstruction (Classic Reprint)

Hardcover

ISBN 10: 0366587285 ISBN 13: 9780366587285

Publisher: Forgotten Books, 2018

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This book offers a collection of essays written at pivotal junctures during the first World War and its aftermath, exploring the complex interplay between war finance and its impact on global monetary systems. The author argues that while gold has traditionally served as a stabilizing force in currency, the war exposed its vulnerability to manipulation and devaluation by governments desperate to finance their wartime expenditures. By examining the experiences of various belligerent nations, the book highlights the dangers of excessive credit creation and the imperative for sound monetary policies to prevent inflation. The author also considers the challenges of post-war reconstruction and the need for a stable gold standard to facilitate international trade and foster economic recovery. Ultimately, this book underscores the profound impact of war finance on monetary systems and the enduring importance of responsible fiscal management in maintaining economic stability.

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