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What war ended the gold standard in Great Britain?
Discussion
Gold Dollar Binding in the usa
WW1
WW1
Der Goldstandard wurde in Großbritannien im Jahr 1931 aufgrund der wirtschaftlichen Instabilität und des Drucks, den das Pfund Sterling aufgrund der Weltwirtschaftskrise ausübte, aufgegeben. Die Entscheidung, den Goldstandard zu verlassen, wurde von der britischen Regierung unter Premierminister Ramsay MacDonald getroffen.
The Gold Standard was abandoned in the United Kingdom in 1931 due to economic instability and pressure on the Pound Sterling caused by the Great Depression. The decision to leave the Gold Standard was made by the British government under Prime Minister Ramsay MacDonald.
Economic pressures led to the suspension of convertibility on a number of occasions, including during the First World War. Britain returned to the gold standard in 1925, but the economic strains of the great depression forced the final departure in 1931.
Touché first WW was the first domino, the Great Depression was final dagger