In this work Beth Simmons presents a fresh view of why governments decided to abide by or defect from the gold standard during
the 1920s and 1930s. Previous studies of the spread of the Great Depression have emphasized "e;tit-for-tat"e; currency
and tariff manipulation and a subsequent cycle of destructive competition. Simmons, on the other hand, analyzes the influence
of domestic politics on national responses to the international economy. In so doing, she powerfully confirms that different
political regimes choose different economic adjustment strategies.