3 St. 28 Min, 1 Apr 1925 Jahr - Return to the Gold Standard

Beschreibung:

in 1919, due to war, Britain suspended the operation of the gold standard. The Pound was restored to its pre war parity with the US dollar in 1925. This meant raising the pound exchange rate from £3.40 to £4.85. Although this helped British financers, it didn't help foreign traders and was on obvious disincentive to buying British goods.

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