A GREAT SHOCK
WRECKED HER CURRENCY
LONDON, April 20. The "Financial News" says the news of developments in the United States currency policy will produce full effects on the markets, but it came- as a great shock to banking circles, where it had been hoped that America would not de» iihefdtely wreck her 'currency." The inovo is generally condemned as an act calculated to aggravate* the crisis and throw the world back into chaos at a moment when it was hoped, through the economic conference, stability was in sight. Britain wont off gold, having spent every penny of her gold reserve to enable her to secure further credits. America lias gone off while still in possession of gold with which sho could easily have maintained the stability of her currency. Sho was> not driven by necessity, but has taken the step in cold-blood.
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Bibliographic details
Evening Post, Volume CXV, Issue 93, 21 April 1933, Page 7
Word Count
143A GREAT SHOCK Evening Post, Volume CXV, Issue 93, 21 April 1933, Page 7
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