CryptoKing
Thu Aug 08 2024
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6 answers
1065
Why did Britain abandon the gold exchange standard in 1931?
Could you elaborate on the reasons behind Britain's decision to abandon the gold exchange standard in 1931? Was it due to the economic pressures caused by the Great Depression, or were there other factors at play? How did this decision impact the global economy and the role of the British pound as an international currency?
