[메모] British Return to Gold in 1925

자료 1. Churchill, Keynes, Gold & Empire – A Historical Vignette ( 출처: Blog, Economics of Imperialism )

※ 발췌(excerpt): 

( ... ... ) my focus here is on the imperial rationale for Britain’s policy.

Keynes’s own biographer, Skidelsky, notes the imperial dimension, even though his subject does not. Skidelsky quotes from Churchill’s budget speech on 28 April 1925 when the decision to return to the gold standard at the pre-war rate was announced:

“If we had not taken this action, the whole of the rest of the British Empire would have taken it without us, and it would have come to a gold standard, not on the basis of the pound sterling, but a gold standard of the dollar.”[4]

What had happened was that the first imperialist war ( ... ... )