Good-bye, Great Britain

Good-bye, Great Britain

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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
ISBN-13:

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