Currency reform

Currency Reform
Often when a currency collapses, monetary authorities try to start a fresh with a new currency.

Along with currency reform and decontrol of prices, the government also cut tax rates. A young economist named Walter Heller, who was then with the U.S. Office of Military Government in Germany and was later to be the chairman of President John F.

(3) The increased supply of gold rendered a general currency reform possible, and made the use of a gold monometallic standard appear feasible. The movements for currency reform, as will be seen, all arose after these discoveries.

The main motivation for the third central banking system came from the Panic of 1907, which renewed demands for banking and currency reform.

See also: Monopoly, Intervention, Balance of payments, Capital account, Dependence