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The Slide to Protectionism in the Great Depression

Who Succumbed and Why

Bibliographic Data

ID5752909
AuthorsBarry Eichengreen (0000-0002-1683-4486, University of California, Berkeley, corresponding author), Douglas A Irwin (0000-0002-9310-2799, Dartmouth College, corresponding author)
Year2010
Volume70
Issue4
Pages871-897
Publication date2010-12-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic History (JOURNAL)
Journal identifiersISSN: 0022-0507 • E-ISSN: 1471-6372
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022050710000756
OpenAlexW2890121766
LanguageEN
Citations received48
References cited31

The Great Depression was marked by a severe outbreak of protectionist trade policies. But contrary to the presumption that all countries scrambled to raise trade barriers, there was substantial cross-country variation in the movement to protectionism. Specifically, countries that remained on the gold standard resorted to tariffs, import quotas, and exchange controls to a greater extent than countries that went off gold. Just as the gold standard constraint on monetary policy is critical to understanding macroeconomic developments in this period, exchange rate policies help explain changes in trade policy

Currency · Economics · Exchange rate · Gold standard (test) · Great Depression · International economics · International trade · Monetary economics · Political science · Presumption · Protectionism · Global Financial Crisis and Policies

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Unique citing works48
Citations per year2,82
Citation span2009 - 2026 (18)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 45

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