When has such a policy actually worked? Do you have any clean historical examples at a large scale? Panic of 1873 is the closest I know of and it didn't go ver

When has such a policy actually worked? Do you have any clean historical examples at a large scale? Panic of 1873 is the closest I know of and it didn't go very well I'm not taking a stand. It's just that macroeconomics is hard and counterintuitive, especially when we're dealing with something large enough to have currency implications