The Tragedy of the Pound (Routledge Revivals)

Download or read book The Tragedy of the Pound (Routledge Revivals) written by Paul Einzig and published by Routledge. This book was released on 2013-11-05 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.