Following on from Simon's 2013 thread: More Efficient British Rearmament in the 1930s
More Efficient British Rearmament in the 1930s (Part Two)
POD Churchill is not made Chancellor of the Exchequer. In a surprise move John Maynard Keynes's advice is taken by Neville Chamberlain instead.
The gold standard is restored at a level more acceptable to industry (at £1=$4). Industry being at the heart of Birmingham politics.
He argued that it had been a long time since the standard had been in place and that it was easier to correct a low estimate than recover the lost trade and industry of a high one.
Britain was having a back to gold 'sale'!
No recession, miner's strike, national strike. Cuts.
Although the WNT remains in effect, no hair shirt is required of the services.
JMK's advice is appreciated when the gold standard seems to be priced about right. Later bumped up to $4.19 to the pound, but nowhere near $4.86.
The experimental mechanised unit is expanded to a division.
<1930 stock market collapse due to credit crunch>
'Spend!'
'What on?'
'Anything you like.' (gulp, hope this works) JMK advises that government credit must sustain the circulation of money until the private sector recovers.
The more wages the better.
We can hire more teachers. Train for new work.
More community nurses.
Well we need to clear the slums
'Then you must build houses.'
'And finish Singapore?'
'That should wait, as spending at home works better.'
'Well we could build some new training and interception airbases along the south coast?'
'Good. Keep it coming.'
'How about new shipyards and merchant shipping?'
'Plenty of warships left within treaty limits too.'
'Super! Any more?'
'Could we electrify the railways?'
'And boost electricity generation and distribution for industry?'
'Build new larger production facilities for continuous line mass production'
'Larger steelworks?'
'Better dock facilities'
'Stockpile raw materials to avoid peak prices and strike shortages'
'Naughty, but I like it'
'Upgrade the telephone network'
'Farming good practice...
AH.commers, make it so...
More Efficient British Rearmament in the 1930s (Part Two)
POD Churchill is not made Chancellor of the Exchequer. In a surprise move John Maynard Keynes's advice is taken by Neville Chamberlain instead.
The gold standard is restored at a level more acceptable to industry (at £1=$4). Industry being at the heart of Birmingham politics.
He argued that it had been a long time since the standard had been in place and that it was easier to correct a low estimate than recover the lost trade and industry of a high one.
Britain was having a back to gold 'sale'!
No recession, miner's strike, national strike. Cuts.
Although the WNT remains in effect, no hair shirt is required of the services.
JMK's advice is appreciated when the gold standard seems to be priced about right. Later bumped up to $4.19 to the pound, but nowhere near $4.86.
The experimental mechanised unit is expanded to a division.
<1930 stock market collapse due to credit crunch>
'Spend!'
'What on?'
'Anything you like.' (gulp, hope this works) JMK advises that government credit must sustain the circulation of money until the private sector recovers.
The more wages the better.
We can hire more teachers. Train for new work.
More community nurses.
Well we need to clear the slums
'Then you must build houses.'
'And finish Singapore?'
'That should wait, as spending at home works better.'
'Well we could build some new training and interception airbases along the south coast?'
'Good. Keep it coming.'
'How about new shipyards and merchant shipping?'
'Plenty of warships left within treaty limits too.'
'Super! Any more?'
'Could we electrify the railways?'
'And boost electricity generation and distribution for industry?'
'Build new larger production facilities for continuous line mass production'
'Larger steelworks?'
'Better dock facilities'
'Stockpile raw materials to avoid peak prices and strike shortages'
'Naughty, but I like it'
'Upgrade the telephone network'
'Farming good practice...
AH.commers, make it so...
Last edited: