It Is Worth Its Weight in Gold: The Swiss Franc in the 1930’s

Abstract

Switzerland is perceived as a unique country. Economic and financial explanations have to be linked to monetary, social and political reasons too. It means that money matters in Switzerland because it is a small, open and multicultural country that needs a strong common anchor in order to exist. This is why we will focus on the key period of the 1930’s when the choice to implement the Gold Stallion was more than a technical and monetary choice: it also played the role of a social and political anchor for the Swiss society as a whole to federate.