"The gold standard was the primary transmission mechanism of the Great Depression..." https://en.wikipedia.org/wiki/Great_Depression#The_gold_stan https://en.wi

"The gold standard was the primary transmission mechanism of the Great Depression..." https://en.wikipedia.org/wiki/Great_Depression#The_gold_stan https://en.wikipedia.org/wiki/Great_Depression#The_gold_stan... I mean, it wasn't strictly gold hoarding it was gold tied currencies hoarding.