Saturday, July 25, 2015

Professor Keynes is Optimistic

An archive of British Movietone newsreels has been added to YouTube, including one of John Maynard Keynes commenting on Britain's departure from the gold standard in 1931: Another newsreel discusses leaving the gold standard and includes footage of Sir Josiah Stamp explaining the decision: This Telegraph article describes some of the correspondence between the bank and the government about the crisis.  Britain's exit - after painfully resuming the gold standard at its prewar parity in 1925 - was one episode in a series of sterling crises in the 20th century. Last year, I posted some newsreels from the 1949 and 1967 devaluations.  

Note: An earlier post from 2011 had a fragment of the same Keynes newsreel, but now we are fortunate to have it in full.

No comments: