BRETTON WOODS AND GOLD
Sir, —We have been so often told by various professors that the Bretton Woods agreement did not involve a return to the gold standard, that the following quotation from the Financial Times, taken from a news item in your Friday night’s issue comes as rather a shock. I quote “The article adds that acceptance of the Bretton Woods plan uy a large majority of countries has resulted in the adoption of a new form of gold standard, that gold will be in strong demand during the coming years and that the only remedy for the threatened shortage is the increase in the price of gold, in line with increased production costs,” So now we know. Signing the Bretton Woods agreement does involve a return to the gold standard —the system which the mere attempt to maintain brought on the great slump, followed by fhe war and all its miseries. Do we want history to repeat itself so soon?
OOAMMI
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Bibliographic details
Gisborne Herald, Volume LXXIII, Issue 22201, 11 December 1946, Page 4
Word Count
163BRETTON WOODS AND GOLD Gisborne Herald, Volume LXXIII, Issue 22201, 11 December 1946, Page 4
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