The Tragedy of the Pound (Routledge Revivals)

Business & Finance, Finance & Investing, Finance, Economics
Cover of the book The Tragedy of the Pound (Routledge Revivals) by Paul Einzig, Taylor and Francis
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Author: Paul Einzig ISBN: 9781136693397
Publisher: Taylor and Francis Publication: November 5, 2013
Imprint: Routledge Language: English
Author: Paul Einzig
ISBN: 9781136693397
Publisher: Taylor and Francis
Publication: November 5, 2013
Imprint: Routledge
Language: English

First published in 1932, this book discusses the suspension of the gold standard in Britain, and the economic events surrounding September 1931. It argues that despite specific errors made by individuals, groups, and individual nations, the attempts to save the pound had little chance of recovery. Indeed, years before its collapse, powerful, fundamental factors had been eroding its stability. Hence, the author does not entirely blame the influence of French policy, or Great Britain’s political and economic decline after the war, but states that the collapse of sterling was co-ordinated by several factors of importance.

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First published in 1932, this book discusses the suspension of the gold standard in Britain, and the economic events surrounding September 1931. It argues that despite specific errors made by individuals, groups, and individual nations, the attempts to save the pound had little chance of recovery. Indeed, years before its collapse, powerful, fundamental factors had been eroding its stability. Hence, the author does not entirely blame the influence of French policy, or Great Britain’s political and economic decline after the war, but states that the collapse of sterling was co-ordinated by several factors of importance.

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