By abandoning the gold standard, nations effectively devalued their currencies and began to recover. Today's circumstances are far different.
Tibetan monks play with snowballs at the Taer Monastry in Huangzhong county, Qinghai province, China.
Moscow's upgrade to its Black Sea Fleet – headquartered with Ukraine's blessing at Sevastopol – could make waves around the Black Sea, where NATO has a strong presence.
Russia's Maria Sharapova returns the ball to China's Na Li at the Italian Open tennis finals, in Rome, May 20, 2012.
The leaders of France, Germany, and Russia will meet this week in Deauville, France, as a first step toward fostering closer ties.
An East European steppe eagle named Steppi starts from the hand of keeper Didi Wechselberger in Mayrhofen, Austria, on Friday. The eagle is training to star in a daily bird show where he will be able to demonstrate his unique natural behaviors and physical features.
Hungary's toxic sludge disaster recalls – and dwarfs – a 2000 spill of 4.6 million cubic feet of cyanide-tainted water in neighboring Romania.
The toxic sludge now covering 15 square miles of Hungary and seeping into the Danube River is a serious environmental disaster whose severity and long-term consequences are still unclear. Will the release of the 35 million cubic feet of alumina refining waste become one of the Top 10 manmade environmental disasters of the past century?
Mario Vargas Llosa has won the 2010 Nobel Prize for Literature. The Peruvian author and former presidential candidate received the prestigious Cervantes Prize in 1995 and is the first South American author to win the Nobel since Gabriel García Márquez won the award in 1982. Here are the past decade's winners.
Riders from various countries compete in the men's track cycling 40 km points race heats at the Commonwealth Games in New Delhi, India, on Tuesday.