Book contents
- Monetary War and Peace
- Studies in Macroeconomic History
- Monetary War and Peace
- Copyright page
- Contents
- Figures
- Tables
- Acknowledgments
- Abbreviations
- Introduction
- 1 A Classical Prelude, 1880–1914
- 2 Britain’s Biggest Blunder, 1914–1931
- 3 Hostilities Commence, 1931–1933
- 4 Washington Declares War, 1933–1935
- 5 Negotiating Peace, 1935–1936
- 6 A New Order, 1936–1939
- 7 Gold and Dollars, 1936–1937
- 8 Keeping France Afloat, 1937–1938
- 9 Battle for Sterling, 1938–1939
- 10 From Bretton Woods to Today
- Conclusion
- Book part
- References
- Index
- Series page
7 - Gold and Dollars, 1936–1937
Published online by Cambridge University Press: 24 February 2021
Book contents
- Monetary War and Peace
- Studies in Macroeconomic History
- Monetary War and Peace
- Copyright page
- Contents
- Figures
- Tables
- Acknowledgments
- Abbreviations
- Introduction
- 1 A Classical Prelude, 1880–1914
- 2 Britain’s Biggest Blunder, 1914–1931
- 3 Hostilities Commence, 1931–1933
- 4 Washington Declares War, 1933–1935
- 5 Negotiating Peace, 1935–1936
- 6 A New Order, 1936–1939
- 7 Gold and Dollars, 1936–1937
- 8 Keeping France Afloat, 1937–1938
- 9 Battle for Sterling, 1938–1939
- 10 From Bretton Woods to Today
- Conclusion
- Book part
- References
- Index
- Series page
Summary
This chapter explores the first fifteen months under the Tripartite Agreement, from September 1936 to the end of 1937. It focuses on two events that consumed the attention of authorities: the Gold Scare in the spring and the Dollar Scare that autumn. Both events involved questions about the price of gold and wreaked havoc on markets. But the club members--foremost Britain and America---worked together to calm markets and to reaffirm gold's centrality as the international reserve asset par excellence around which the system revolved. In so doing, they demonstrated the Tripartite Agreement's role as the cornerstone of their international monetary policies.
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- Monetary War and PeaceLondon, Washington, Paris, and the Tripartite Agreement of 1936, pp. 156 - 186Publisher: Cambridge University PressPrint publication year: 2021