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| Author: | Mundell, R. |
| Title: | A reconsideration of the twentieth century |
| Journal: | American Economic Review
2000 : JUN, VOL. 90:3, p. 327-340 |
| Index terms: | MONETARY SYSTEM GOLD STANDARD HISTORY |
| Language: | eng |
| Abstract: | By comparison with past centuries, the twentieth has produced extremes. Its earliest part was a benign continuation of the pax of the nineteenth century. But this calm before the storm was followed by World War I, communism, hyperinflation, fascism, depression, genocide. World War II, the atom bomb, and the occupation of Eastern Europe. There followed a period of comparative stability, punctuated by the balance of terror of the Cold War, the NATO Alliance, and decolonialism. |
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