The Stock Market Crash of 1929 – Part 2: Age of Illusion
Conflicted: A History Podcast
Rebuilding the World's Happiness
The value of a nation's economy and, by extension, its currency was directly proportional to the amount of physical gold bullion it had in vaults. When world war one broke out, europe said bonvoyage to the gold standard so they could print money without all those pesky parody issues. Gold gushed out of britain and france, chasing a safe harbor as the allies struggled to finance the war effort. And when the war end, the gold did not come back home. Rebuilding it would take no small amount of creativity and collaboration between america and great britain.
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