-Caveat Lector-

http://www.nex.net.au/users/reidgck/HOWTHE.HTM

How the City of London created the Great Depression
Click on sections for quick & easy access

How the City of London created the Great Depression

Economic decline after World War 1

The cabal of Central bankers

The Federal Reserve: cause of Depression

The British record of starting Wall Street panics

Deflation crisis of 1920-21

The crash of 1929

Lord Norman's gold exchange standard of 1925-31

The golden chancellor

>From collapse to disintegration

The collapse of Europe

London's Singapore defense of the British pound 1931

Norman intended to default all along

Harvey lies to the Cabinet

London refuses to raise bank rate to crisis level

Norman's refusal to raise bank rate

The franco-American loans

August 4 crisis - No intervention by Bank of England

Gold sovereigns suspended

Afternoon pound breaks in New York

No attacks on bears a la Poincare

Only 2 small banks used

Low forward price of pounds

Pound pegged too high

Dutch guilder rate neglected

Foreign securities not used

British speculators: own goal

The Invergordon Farce

The Bank of England demands default

The end of the world

The bankers ramp

Jacques Rueff attacks British handling of crisis

The Bank of England's Dutch Treat

The British game

British default: ten more years of world depression

Chart of countries leaving the Gold Standard

Beyond breakdown to disintegration

Currency blocs and the impulsion towards a new world

Beggar-my-neighbor

British default precipitates U.S. 1932-33 banking panic

Keynes: The curse of Midas

The British cast the curse of Midas on America

Hoover in the depression

Banking panic in Nevada

Louisiana

Michigan: Valentine's day bank holiday

Status of U.S. banking state by state - March 4 1933

Lord Norman

Bibliography

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