More generally, this means that a country declares itself to be on NEITHER side of some conflict.
Some historical examples were the US in 1793 when it declared itself neutral in the conflict between France and Great Britain
During World War I women needed to work taking the jobs of their husbands once they came back from war that’s one famine started many became poor and money became almost nothing at all, then the great depression hit and World War II happened
The interest rate the Fed charges for overnight loans is known as the discount rate.