PROBLEMS WITH THE GOLD STANDARD DURING THE GREAT DEPRESSION
Abstract and keywords
Abstract (English):
The relevance of the presented research is determined by the fact that experts currently express concerns that the tragedy of the Great Depression almost a century ago may be repeated in the coming years. Since the key problem of the Great Depression was the gigantic gap between the market volumes of money and commodity mass, it is of interest to consider the gold standard as an instrument that, up to a certain point, successfully balanced the said market volumes. The purpose of this paper is to study the problems of implementing the gold standard during the Great Depression through the prism of forecasts of the recurrence of similar crisis events in the coming years. The scientific novelty of the obtained results lies in the formation of a chain reaction describing the development of the Great Depression taking into account the abandonment of the gold standard. The practical significance of the obtained results lies in the possibility of using the results of the analysis of the problems of implementing the gold standard during the Great Depression when using similar instruments for regulating economic equilibrium on the eve of, during overcoming and when exiting the expected global economic crisis of a similar nature.

Keywords:
gold standard, Great Depression, problems, Great Britain, USA
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