The Only Way Out of This Is to Revalue the Pound

The money supply had more than doubled throughout the war. The only way out of this been revalue the pound. But they couldn't accept that there was it was too much, too much pride in the idea that they needed to maintain the british pound at its historical rate. So what they did instead was convince the americans that theAmericas needed to inflate their own money supply and overvalue the dollar next to gold. And so that's what led to a whole bunch of inflation in the us. That was the driver of the boom of the 19 twenties, which in turn led to the crash of 19 29.