their case, inflation did not attain a their economic that the change brought about by the return to that had been in existence d'être and compelled others to either collapsed or had to be liquidated. These volun-

STABILISATION crisis completely. In their case, inflation did not attain a sufficiently advanced stage to disorganise their economic system, so that the change brought about by the return to stability was not so fundamental. In the case of countries where inflation reached a more advanced stage, stabilisation necessitated a reasonably thorough readjustment. Their whole systems of production, commerce and banking were built up on the inflationary conditions that had been in existence for years. The stabilisation of the currency deprived many an organisation of its raison d'être and compelled others to undergo a radical reconstruction.