Editing Causes of the Great Depression (section)

==Trying to return to the Gold Standard==
:See also: [[Financial crisis of 1914]], [[World War I reparations]], [[Herbert Hoover#Mining engineer|Herbert Hoover gold mining engineer]]
During [[World War I]] many countries suspended their [[gold standard]] in varying ways.  There was high inflation from WWI, and in the 1920s in the [[Hyperinflation in the Weimar Republic|Weimar Republic]], [[Hyperinflation#Austria|Austria]], and throughout Europe.  In the late 1920s there was a scramble to deflate prices to get the gold standard's conversion rates back on track to pre-WWI levels, by causing [[deflation]] and high unemployment through [[Quantitative tightening|tight monetary policy]]. In 1933 [[Franklin D. Roosevelt|FDR]] signed [[Executive Order 6102]] and in 1934 signed the [[Gold Reserve Act]].<ref>https://www.cato.org/blog/world-war-i-gold-great-depression#:~:text=The%20result%20was%20a%20second,4%20years%20in%20a%20row.{{Bare URL inline|date=August 2024}}</ref>
{| class="wikitable" 
|+ Gold Standard Policies by Country<ref>https://www.nber.org/system/files/chapters/c11482/c11482.pdf</ref>
! Country !! Return to Gold !! Suspension of Gold Standard !! Foreign Exchange Control !! Devaluation
|-
| Australia || April 1925 || December 1929 || — || March 1930
|-
| Austria || April 1925 || April 1933 || October 1931 || September 1931
|-
| Belgium || October 1926 || — || — || March 1935
|-
| Canada || July 1926 || October 1931 || — || September 1931
|-
| Czechoslovakia || April 1926 || — || September 1931 || February 1934
|-
| Denmark || January 1927 || September 1931 || November 1931 || September 1931
|-
| Estonia || January 1928 || June 1933 || November 1931 || June 1933
|-
| Finland || January 1926 || October 1931 || — || October 1931
|-
| France || August 1926-June 1928 || — || — || October 1936
|-
| Germany || September 1924 || — || July 1931 || —
|-
| Greece || May 1928 || April 1932 || September 1931 || April 1932
|-
| Hungary || April 1925 || — || July 1931 || —
|-
| Italy || December 1927 || — || May 1934 || October 1936
|-
| Japan || December 1930 || December 1931 || July 1932 || December 1931
|-
| Latvia || August 1922 || — || October 1931 || —
|-
| Netherlands || April 1925 || — || — || October 1936
|-
| Norway || May 1928 || September 1931 || — || September 1931
|-
| New Zealand || April 1925 || September 1931 || — || April 1930
|-
| Poland || October 1927 || — || April 1936 || October 1936
|-
| Romania || March 1927-February 1929 || — || May 1932 || —
|-
| Sweden || April 1924 || September 1931 || — || September 1931
|-
| Spain || — || — || May 1931 || —
|-
| United Kingdom || May 1925 || September 1931 || — || September 1931
|-
| United States || June 1919 || March 1933 || March 1933 || April 1933
|}