This policy is the subject of much of Barry Eichengreen's work, which claims that its "fetters" were a prime cause of instability during the interwar period. The 1926 general strike in Britain partly resulted from the re-implementation of this policy by Winston Churchill. The U.S. abandoned this policy in the "Nixon Shock," effectively ended the Bretton Woods system. Adhering to this policy would "press down upon the brow of labor this crown of thorns" according to a speech against it from the 1896 DNC. For 10 points, name this policy under which coinage is backed by a single precious metal.
This policy is the subject of much of Barry Eichengreen's work, which claims that its "fetters" were a prime cause of instability during the interwar period. The 1926 general strike in Britain partly resulted from the re-implementation of this policy by Winston Churchill. The U.S. abandoned this policy in the "Nixon Shock," effectively ended the Bretton Woods system. Adhering to this policy would "press down upon the brow of labor this crown of thorns" according to a speech against it from the 1896 DNC. For 10 points, name this policy under which coinage is backed by a single precious metal.
This policy is the subject of much of Barry Eichengreen's work, which claims that its "fetters" were a prime cause of instability during the interwar period.