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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.
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.
Originally published in 1931, this book was written at a time when
the utility and value of gold was under great scrutiny. Global
financial circles were discussing the necessity of reducing the
price of gold, pressing for the return of Britain to a gold
standard and imposing a managed currency. Against a background of
post-war monetary and financial dislocations, the author argues
that the unique monetary quality of gold is its liquidity, and its
universal acceptability as a natural form of money throughout the
world.
Originally published in 1931, this book was written at a time when
the utility and value of gold was under great scrutiny. Global
financial circles were discussing the necessity of reducing the
price of gold, pressing for the return of Britain to a gold
standard and imposing a managed currency. Against a background of
post-war monetary and financial dislocations, the author argues
that the unique monetary quality of gold is its liquidity, and its
universal acceptability as a natural form of money throughout the
world.
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