The Temporary Suspension of the Gold Standard in 1931 & How to Exchange Bank Notes for Gold
In 1931 the Gold Standard Amendment Act "temporarily" suspended the ability of the people to exchange their Bank of England "promises", for Gold.
That 'temporary' measure has lasted in excess of 85 years and is still in place!
So why did it happen?
Tabled as a "National Emergency" it wasn't. It was a Banking Emergency!
The Bank of England wasn't Nationalised until 1946!
The general public had become disillusioned with Bankers and the Banking fraternity at large - and with good reason....
Stay connected with news, updates and offers!
Recent Posts
Dave Eden: Stop and Search Initiative with Far Reaching Consequences for PUBLIC SERVANTS
Nov 06, 2022