The Stock Market Crash of 1929 – Part 2: Age of Illusion
Conflicted: A History Podcast
Getting Back on the Gold Standard
Montague norman was desperate to get his country back on the gold standard. He believed that it was the only way to restore the british pound to its pre war value and help kick start the world economy. To do that he needed gold to flow back into the bank of england, which would in turn, proportionately raise the value of the pound. But we can't understand how benjamin strong and g norman helped cause the stock market crash of 19 29 without understanding the fundamental concept of interest rates. Lenders charge borrowers an extra percentage for the access to money. And it is as old as the hills.
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