Good-bye, Great Britain
On 4 March 1976 the value of the British pound against the US dollar began to slide in international markets. The slide turned into a rout and triggered a traumatic economic and political crisis. By September confidence in the pound had collapsed; the Labour Government under Prime Minister James Callaghan was forced to turn for help to the International Monetary Fund, a familiar option for Third World countries but unusual for a developed Western economy. This study uncovers the most searing economic crisis of postwar Britain to reveal its historical roots and contemporary context.On 4 March 1976 the value of the British pound against the US dollar began to slide in international markets.
| Title | : | Good-bye, Great Britain |
| Author | : | Kathleen Burk, Alec Cairncross |
| Publisher | : | Yale University Press - 1992 |
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