The Presidents Quotes

“The decision by Britain in September 1931 for sterling, still the world’s leading reserve currency, to come off the gold standard meant that the flow of gold into the US soon became a flood the other way as international investors pulled out, and the value of British and German assets held by US banks collapsed. This was the moment when recession became Depression, with unemployment soaring to over 23”
― Iain Dale, The Presidents: 250 Years of American Political Leadership