Alert icon
We're changing our privacy policy. This stuff matters.  Learn more  Dismiss

Pt12. Why did countries abandon the Gold Standard?

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
942 views
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on Mar 10, 2011

A historical look at why Britain, at the time the center of the banking world, abandoned the Gold Standard. After WWI, it became harder for Britain to deflate its economy and incomes to compete in the world export markets and this nullified a key mechanism by which the Gold Standard operated. Eventually a run on the British pound caused the Bank of England to go off the Gold Standard.

Category:

News & Politics

Tags:

License:

Standard YouTube License

  • likes, 1 dislikes

Link to this comment:

Share to:
see all

All Comments (5)

Sign In or Sign Up now to post a comment!
  • Thank you for the videos. Great job!

  • 9:03 just say sticky wages. Employers don't pay less they just fire more, which does not plummet price level very far.

  • I must say I watched this video and was thoroughly impressed being a graduate student of economics myself. Couldn't help but think of information contained in Lords of Finance from your lecture. Excellent, are you by chance a professor or passionate about the subject?

Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more