A Study On The Policy Of Restoring The Gold Standard In The United Kingdom,1925-1931

The recovery of gold standard is one of the most important monetary policy in the history of Britain.The benign interaction of the British Parliament,the British Government and the Bank of England on the restoration of the gold-based policy,after the post-war,has determined the good wish of the British Empire to re-show the British Empire by means of the restoration of the gold-based policy.But it is clear that Britain did not restore the free convertibility of gold after World War I.the policy of restoring the gold standard between 1925 and 1931 preferred to establish a lower threshold gold standard.But even so,the disabled gold standard system did not achieve the high hopes that people had sent it at that time,and the pound was unable to turn against the decline,and the British Empire went further.The author is of the view that the failure to complete the stated objective is not sufficient to account for the failure to resume the gold-based policy between 1925 and 1931.In the whole of the 20 th century,we seem to be able to find that the restoration of the gold-based policy is of great benefit in the history of the United Kingdom.It was in the process of restoring the gold standard that the british realized that the traditional laissez-faire approach had failed to save the countryundefineds declining trend and was beginning to move towards state intervention,which was the only way to push the economy out of the gloom.Generally speaking,this paper is divided into three parts: introduction,text and conclusion.The introduction mainly introduces the origin of this topic,the definition of the core concept,the specific situation of domestic and foreign research,the framework of the paper,the basic content,the research materials,and the important and difficult points and innovation points of the paper.From the study of the current situation,the study of the British gold standard policy in 1925-1931 is still in its infancy,but the western research on this important monetary policy has been very deep.In the 1970 s,a group of scholars,represented by Moggridge,comprehensively expounded and analyzed the british policy of restoring the gold standard from the perspective of history through the study of official archives.Since the 21 st century,a group of scholars from the political economy and other new perspective to start a new analysis of thisissue.The text is also divided into three parts: the first part,the first chapter,briefly introduces the gold standard system in the course of the development of the United Kingdom at the same time in-depth analysis of the British gold standard policy formulation of the historical origin and practical conditions.The second part consists of the second and third chapters,which are the main body of this paper,and its contents are divided into five stages according to the specific time of British restoration and the abandonment of the gold standard again.The policy objectives were set from January 1918 to December 1918,from January 1920 to February 1925,from March 1925 to April 1925,from April 1925 to September 1929,and from October 1929 to September 1931.The second chapter focuses on the goal of restoring the gold standard from 1918 to the beginning of 1925,the long debate and interaction between the core departments of the uk on whether to restore the gold standard and the final introduction of the policy of restoring the gold standard.The third chapter analyzes the actual operation of the british policy of restoring the gold standard between 1925 and 1931,the practical difficulties in its implementation,and why britain should abandon the gold standard.The third part is the fourth chapter,which analyzes the characteristics of the policy of restoring the gold standard,and evaluates the gain and loss of the policy objectively under the background of the whole 20 th century.The conclusion analyzes the collision of ideas behind the British policy of restoring the gold standard,and puts forward its own views on the development of China’s economic policy based on the analysis of this policy formulation and operation.