In this work Beth Simmons presents a fresh view of why
governments decided to abide by or defect from the gold standard
during the 1920s and 1930s. Previous studies of the spread of the
Great Depression have emphasized "tit-for-tat" currency and tariff
manipulation and a subsequent cycle of destructive competition.
Simmons, on the other hand, analyzes the influence of domestic
politics on national responses to the international economy. In so
doing, she powerfully confirms that different political regimes
choose different economic adjustment strategies.
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