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Sep 6, 2017 · In 1917-1918 money supply (M1) increased faster than price levels, while the GDP decreased. This would be explainable if the government strictly limited trade and prices, which it was unable to do. Thus, the absorption of the increased money supply reflects substantial black markets.
Table 2: Dutch GNP, 1913-1920 Changing Gears ↑. Under these dire circumstances, a new government took office in September 1918. It quickly disbanded or severely curtailed the independence of most of the business committees (such as the NOT and Kröller’s "Assistance Committee" at Posthuma’s agricultural ministry) that had helped keep the Netherlands neutral and prosperous during the ...
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Feb 8, 2018 · The first was to defend their currency’s parity with gold and thereby the entire edifice of the international gold standard. This required raising interest rates and keeping the total volume of money and credit under control, often with contractionary effects.
Dutch policymakers deliberately stayed away from those policy pathways which would have led to a devaluation. Despite this constraint, DNB was able to creatively design and exploit a wide variety of monetary policy instruments. This allowed the Netherlands to avoid domestic currency crises, and prevented the guilder from being forced off gold.
The Editors of Encyclopaedia Britannica. History of the Netherlands - The Kingdom of the Netherlands (1814–1918): The reign of King William I, as the restored prince of Orange was now called, was one of the most critical periods in the history of the Netherlands. During this quarter-century the adaptation of the country to the conditions and ...
History of the Netherlands (1900–present) From 1900 to 1940, the Netherlands experienced significant population growth. This era included significant colonial expansion, particularly in the Dutch East Indies, coupled with the challenges posed by World War I and the Great Depression. Although the Netherlands maintained neutrality during World ...
In 1817, the first coins of the decimal currency were issued, the copper 1 cent and silver 3 guilders. The remaining denominations were introduced in 1818. These were copper cents, silver 5, 10 and 25 cents, and 1 guilder, and gold 10 guilders. In 1826, gold 5-guilder coins were introduced.
