Britain Abandons the Gold Standard
Lecture no. 41 from the course: Crashes and Crises: Lessons from a History of Financial Disasters
Taught by Professor Connel Fullenkamp | 06 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Another shock that hit the banking system in 1931: Britain’s announcement that it would abandon the gold standard. How did this announcement worsen the growing problem of currency hoarding in America?