Tragedy of the Pound (Routledge Revivals)

<p>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.</p>