Unfortunately, the system completely collapsed after the war broke out in August 1914. Revenue-desperate combatants were forced to turn to inflation finance.
不幸的是，这一体系在1914年8月大战爆发后全盘崩溃了。急需收入的参战国被迫转向通胀金融。它们无法同时实现货币贬值又维持其与黄金的固定兑换率。