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IPFS News Link • History

Was France at fault for The Great Depression?

• Reuters

As if France didn't have enough problems at the moment with mass protests against pension reforms, now it stands accused of causing The Great Depression.

An academic paper published by the National Bureau of Economic Research suggests it may have been gold hoarding by France in the late 1920s that tipped the world into the economic abyss and not the oft-blamed tightening of U.S. monetary policy.