In this book, originally published in 1936, the author charts the sequence of events which converted him from an advocate of the restoration of the gold standard to a convinced opponent. His indictment of the gold standard is comprehensive and he attributes it as the chief cause of the economic difficulties of the 1920s. An invaluable commentary on the monetary instability of these crucial years, this book was written not only for economists and bankers but also for those interested in following the narrative of the most tumultuous events in the history of money.

chapter III|40 pages

The Disruption Of The New System

chapter IV|13 pages

Postponement Of Monetary Reform

chapter V|23 pages

The End Of The Gold Standard

chapter VI|24 pages

The London Conference

chapter VII|22 pages


chapter IX|47 pages

The Illusion Of A Return To Gold