Return to Gold Standard
As Chancellor of the Exchequer in 1925, he made the decision to return Britain to the gold standard at pre-war parity, a move that many economists believe contributed to deflation and the economic difficulties of the 1920s.
As Chancellor of the Exchequer in 1925, he made the decision to return Britain to the gold standard at pre-war parity, a move that many economists believe contributed to deflation and the economic difficulties of the 1920s.