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Subtitle: Four Resumptions and the Great Depression, American Institute
for Economic Research, Great Barrington, Mass., 2019, 99 pgs., index,
bibliography, paperback
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Reviewer comment:
A 'resumption' takes place when a central bank or government treasury resumes
open exchange of gold it holds for paper currency (bank notes or credit
documents) held by the public.The four resumptions are: British resumption in
1821; Amerian suspension and then resumption in 1811-20; U.S. Civil war
suspension and resumption 1862 - 1879; British resumption in 1925 and the Great
Depression chapter is about what the FED did and didn't due before and during
the Depression in the 1930's.
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I. The British Reumption of 1821
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II. American Inflation, Suspension, and Resumption, 1811 -1820
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III. Civil War, Suspension,and Resumption 1862 - 1879
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IV. The Federal Reserve and the Great Depression
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V. The British Resumption of 1915
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VI. Summary and Lessons
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