Abstract
The years 1870 to 1890 were characterised by the abandonment of the bi-metallic monetary standard. The resulting deflation was a disaster for the United States, which was in the process of literally ‘blundering back to gold’ from the greenback standard of the Civil War era.1
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Notes
See Clapham, J.H., Economic Development of France and Germany 1815–1914 (Cambridge University Press, 1961) p. 382.
Bauer, Hans, Swiss Bank Corporation, 1872–1892, p. 83.
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© 1998 The estate of the late Hans Bauer and Warren J. Blackman
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Bauer, H., Blackman, W.J. (1998). Capitalism at the Turn of the Century. In: Swiss Banking. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-26735-4_9
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DOI: https://doi.org/10.1007/978-1-349-26735-4_9
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