December 2012
Beginner
634 pages
37h 54m
English
Content preview from Handbook of Key Global Financial Markets, Institutions, and Infrastructure
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Chapter 29
Wars and the International Trading System, 1900–2000
Outline
Wars have often had profound consequences for the structure of the international trading and financial system. After the Napoleonic Wars, for example, Britain, the world’s leader in industry and military power, adopted the gold standard; and as the century progressed, country after country followed Britain and joined the gold bloc. During the twentieth century, there were three major reorganizations of the international trading and financial system, each produced by a war. The early years of the twentieth century were dominated by the international gold standard. But as a result of World War I, this system ...
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