The POTUS Timeline
Economy

United Kingdom abandons the gold standard

On September 21, 1931, the British government suspended the gold standard, leading to a devaluation of the pound and sharp international currency and financial turbulence.

Britain's departure from gold deepened the global economic crisis of the Great Depression, destabilized international finance, and intensified pressures on U.S. markets and Hoover administration policy aimed at debt stabilization and economic recovery.

References / Sources

No source references have been added for this event yet.

Related Timeline Entries