The generic gold standard may be briefly defined as a monetary system where the unit of value — in terms of which prices, wages, and debts are customarily expressed and paid — consists of the value of a fixed quantity of gold in a large international market.
Edwin Walter Kemmerer
Edwin Walter Kemmerer (1875–1945) was a professor of economics at Princeton University. He became famous as a "money doctor" or economic adviser to foreign governments all around the world, promoting plans based on strong currencies and balanced budgets.
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Edwin Walter Kemmerer is one of the unsung heroes of the 20th century. A professor of economics at Princeton, he was known as the "money doctor" between the wars, helping countries to establish and maintain strong currencies between 1923 and 1933. He
