... working class Alesina Alberto Bank of England governors of Bank of England Grilli Vittorio Milesi Ferrett Gian Maria international gold standard capital controls United Kingdom Conservatives gold export embargo Winston Churchill Labour Party labor unions As a practical matter, “returning...

...This chapter evaluates how, given the terrible consequences of England's “return to gold” in 1925, the conventional wisdom is that Winston Churchill, as Chancellor of the Exchequer, was either a fool or a knave. It argues that this characterization is unfair to Churchill. So far from discounting...

... ideological clash between Winston Churchill and John Maynard Keynes; to the final, ill-fated implementation of the “new gold standard.” Following World War I, Churchill promised to restore the ancient English gold standard — and thus Britain's greatness. Keynes portended that this would prove to be one...

...This chapter explains that poison gas shaped behavior even though it was not deployed as nations sled closer to using it and anticipated reacting to enemies' deployment. The chapter looks into Prime Minister Winston Churchill and President Franklin D. Roosevelt's proponents of the conflict. Britain...

...This chapter assesses in detail the exclusion of Britain from the ANZUS Treaty, which embarrassed British policymakers and undermined many of the United Kingdom's interests in the Asia-Pacific region. Prime Minister Clement Attlee had initially accepted exclusion, but Winston Churchill's election...

...This chapter provides an overview of the tragedy of England's return to gold. In the spring of 1925, Winston Churchill settled upon a plan to make Britain great again: he would restore the gold standard. This was Churchill's first significant policy initiative since becoming the Chancellor...

...This chapter details how, with his intuition beholden to John Maynard Keynes's cogent analysis and still unsatisfied with the Cunliffe Committee dogma, Winston Churchill welcomed all of Montagu Norman's innovations. So far from being driven by nostalgia, Churchill “returned” to a reformed...