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<p>[QUOTE=&quot;GoldFinger1969, post: 25270471, member: 73489&quot;]One of the reasons that the Gold Standard worked from 1870-1913 and didn&#039;t work after WW I was because the autocratic rulers who could impose fiscal/monetary discipline in the former time period were no longer able to do so after WW I.</p><p><br /></p><p>The stirrings of revolution -- democratic impulses -- made it much more difficult.&nbsp; The leaders of Russia, Germany, Austria-Hungary, etc....all went down the toilet. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />&nbsp; That was largely because of a populist backlash to the war and austerity measures.</p><p><br /></p><p>Others watched and learned -- and were afraid.[/QUOTE]</p><p><br /></p>

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