An absolute monarch is a type of form of monarchy in which the monarch holds supreme autocratic authority, principally not being restricted by written laws, legislature, or non written customs.
A political doctrine in defense of monarchical absolutism, which asserted that kings derived their authority from God and could not therefore be held accountable for their actions by any earthly authority such as a parliament.
They fought where they were needed.
Large withdrawals of cash or gold from banks could reduce bank reserves to the point that banks would have to contract their outstanding loans, which would further reduce deposits and shrink the money stock. The money stock fell during the Great Depression primarily because of banking panics.