annow weome to e nice part oft,the equiliating mechanism, as economists call pricesre highe inourya,"itsxpor wi be more eensive. pricesre lowerinou so iorts will be ss expensive exports omheigex couny, "a," wi fal exports from tow-eort country, "b," will rise. trade wi come back into balance. e originalroem has been sold! would that it were always so ineal li! the problem in the 1930s was that countries were not willing to go through this adjustment process. to allow an outflow of gold and a reduction in your money supply when your economy was already seriously depressed, was simply unacceptable. roosevelt saide woulput "first tngs first." another way of saying this is that countries in a depression were not going to "let the international tail wag the domestic dog." under really serious pressure, the gold standard collapsed. schoumacher: 1944. the battles were still lo and fierce. as the allies swept across europe, there was no longer any real question that germany wou be defeated. but there wererave concerns about whether the countries of the world could recover from the economic ra