I've heard it suggested Churchill's decision (as Chancellor in 1925) to return to the Gold Standard was a major contributary factor to the Great Depression, at least in the UK.
What if however, he decided to keep the economy off gold? The return to the Gold Standard was a popular one with most of parliament, so could he have survived as Chancellor had he made a different decision?
More importantly, what are the more long-term affects of this, both for Britain and the rest of the world?
What if however, he decided to keep the economy off gold? The return to the Gold Standard was a popular one with most of parliament, so could he have survived as Chancellor had he made a different decision?
More importantly, what are the more long-term affects of this, both for Britain and the rest of the world?