The British Empire Economic Conference was a 1932 conference of British colonies and the autonomous dominions held to discuss the Great Depression. It was held between July 21 and August 20 in Ottawa, Canada. 1932 is a leap year starting on a Friday. ... The term conference can be used to describe any meeting of people that confer about a certain topic. ... This is a page about Dominions of the British Empire/Commonwealth. ... --209. ... July 21 is the 202nd day (203rd in leap years) of the year in the Gregorian Calendar, with 163 days remaining. ... August 20 is the 232nd day of the year (233rd in leap years) in the Gregorian Calendar. ... {{Canadian City/Disable Field={{{Disable Motto Link}}}}} Motto: Advance Ottawa/Ottawa en avant City of Ottawa, Ontario, Canada Location. ...

The conference saw the group admit the failure of the gold standard and abandon attempts to return to it. The meeting also worked to establish a zone of limited tariffs within the British Empire, but with high tariffs with the rest of the world. This abandoning of free trade led to a split in the British government. 1922 U.S. gold certificate The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold. ... A tariff is a tax placed on imported and/or exported goods, sometimes called a customs duty. ... Free trade is an economic concept referring to the selling of products between countries without tariffs or other trade barriers. ...

The conference especially notable for its adoption of Keynesian ideas such as lowering interest rates, increasing the money supply, and expanding government spending. Keynesian economics, or Keynesianism, is an economic theory based on the ideas of John Maynard Keynes, as put forward in his book The General Theory of Employment, Interest and Money, published in 1936 in response to the Great Depression of the 1930s. ... An interest rate is the rental price of money. ... Money supply (monetary aggregates, money stock), a macroeconomic concept, is the quantity of money available within the economy to purchase goods, services, and securities. ... Government spending consists of government purchases, including transfer payments, which can be financed by seigniorage (the creation of money for government funding), taxes, or government borrowing. ...