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11: The Great Depression Pt. 1 - The Crash

History of the Second World War

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The History of the Gold Standard

A return to the gold standard was not as simple as just flipping a switch. There were many important decisions that had to be made, including exchange rate. Some nations would overvalue their currency and suddenly imports were very cheap. This made it difficult for British goods to compete on the international market. It also made it challenging for domestic goods to compete with some imported items.

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