History of the Second World War

13: The Great Depression Pt. 3 - London and Paris

Jun 17, 2020
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INSIGHT

Britain's Early Gold Standard Exit

  • Britain rejected the gold standard early, gaining flexibility in international commerce.
  • This helped it lead economic recovery and influence other nations to follow the floating pound.
INSIGHT

France's Gold Standard Persistence

  • France clung to the gold standard longer than most, despite political turmoil and economic hardship.
  • This prolonged adherence contributed to frequent government changes and political radicalization.
INSIGHT

British Unemployment Impact Localized

  • British unemployment never fell below one million, about 10% of workers.
  • Declines hit concentrated export industries causing severe regional unemployment.
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