Forces Cause the Great Depression?, Norton, 1976), such eclectic interpretations as (Kindleberger,.The World in Depression … expounded by (Hawtrey,.The Art of Central Banking, Longmans, Green, and Co, 1932) and (Cassel,.Crisis in the World's Monetary … attempt to restore the gold standard after World War I and increasing demand for gold following the sequential resumption of …

apparent necessity to accept deflation to preserve the gold standard and (2) his hope that deflation would overwhelm the price …

attempt to restore an international gold standard after World War I and did not originate, as Friedman believed, in the United …, who both warned that restoring the gold standard would cause catastrophic deflation unless monetary demand for gold was …