| >> |
06/13/11(Mon)22:03 No.18126259>>18126217
Only partially, dumbass.
"Every
major currency left the gold standard during the Great Depression.
Great Britain was the first to do so. Facing speculative attacks on the
pound and depleting gold reserves, in September 1931 the Bank of England
ceased exchanging pound notes for gold and the pound was floated on
foreign exchange markets.
Great Britain, Japan, and the
Scandinavian countries left the gold standard in 1931. Other countries,
such as Italy and the U.S., remained on the gold standard into 1932 or
1933, while a few countries in the so-called "gold bloc", led by France
and including Poland, Belgium and Switzerland, stayed on the standard
until 1935–1936."
http://en.wikipedia.org/wiki/Great_Depression#Gold_standard |
