1st Edition

The Tragedy of the Pound (Routledge Revivals)





ISBN 9780415819428
Published May 29, 2014 by Routledge
218 Pages

USD $46.95

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Book Description

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.

Table of Contents

Preface;  1. Introductory  2. Fundamental Causes  3. Return to Pre-War Parity  4. The Rate of Stabilization  5. International Capital Transfers  6. The "Gold Standard Game"  7. Direct Causes  8. Errors and Omissions  9. The Defence of Sterling  10. The Bank Rate Controversy  11. Suspension of the Gold Standard  12. Immediate Effects  13. International Effects  14. The Dollar "Crisis"  15. Effect on World Prices  16. Sterling v. Gold  17. Future of the Gold Standard  18. Future of the Pound  19. Political Aspect  20. Conclusion

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