In fact, currency devaluations were critical to ending the Great Depression. As Barry Eichengreen and Jeffrey Sachs demonstrated in 1984, while abandoning the gold standard had an immediate negative impact, it quickly spurred recovery, with the first countries to devalue their currencies escaping depression earlier than others.
事实上，货币贬值是大萧条结束的关键。艾肯格林（Barry Eichengreen）和萨克斯（Jeffrey Sachs）在1984年指出，尽管放弃金本位立刻带来了消极影响，但它很快就刺激了复苏，首批实施货币贬值的国家比其他国家更早摆脱了大萧条。