Originally published in 1935, this book charts the revolution from
a banking to an industrial conception of currency which took place
between 1922 and 1932. Having failed to stabilise the purchasing
power of gold, General Strong stabilised the purchasing power of
the dollar, an idea which was revived on an international scale by
the Ottawa Conference of 1932. The stabilisation of purchasing
power, independently of gold, was subsequently adopted as the
keystone of British currency policy.
General
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