First published in 1932, this book discusses the suspension of the
gold standard in Britain, and the economic events surrounding
September 1931. It argues that despite specific errors made by
individuals, groups, and individual nations, the attempts to save
the pound had little chance of recovery. Indeed, years before its
collapse, powerful, fundamental factors had been eroding its
stability. Hence, the author does not entirely blame the influence
of French policy, or Great Britain's political and economic decline
after the war, but states that the collapse of sterling was
co-ordinated by several factors of importance.
General
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