1932

Britain already off gold

Britain left gold in 1931. The United States has not recalled private monetary gold. That order is 1933.

Bank of England five-pound note, 1931. Britain is already off gold. The note is not from the year of this page.Public domain.

In 1931 Britain left the parity restored in 1925. Sterling is already off gold. The exit is not repeated this year.

The American recall of most private monetary gold is Executive Order 6102 in 1933. The official price change to $35 is the Gold Reserve Act of 1934. Neither is this year.

Classical gold standard’s wartime end →