Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "What is the point of the Tories?" video.

  1. Please name the emininent professor who said such a thing, because that statement doesn't quite match up the facts. Indeed, reading "England's Cross of Gold" which describes the economic thinking behind the UK’s Gold Standard Crisis under Winston Churchill's tenure as Chancellor of the Exchequer, find that Britain was worried because of its rivals in Europe and America having caught up with it industrially and economically. Not only would Britain be forced into protectionism because of its huge WWI debt to the US, it's trade earnings were being eroded by cheaper goods. That fear drove the government and the unions to agree to a too high value of Sterling under the Gold Standard. Not only did that make British exports uncompetitive, it also created the financial crisis which would lead to the 1926 General Strike. You see America's great leap forward, fuelled by it's industrialisation, and owning most of the war debt from WWI, gave it the power to set the Gold Standard, not Britain. The Gold Standard error would drag on until 1931 when Britain crashed out of the Gold Standard. Britain was rich on paper, but the reality was that it had fallen behind so much that it's economy became destabilised. And the British working class had really tough times in the 1920's. Hence the rise of the Labour Party, and the demise of the Liberals. And 1929 didn't help either. So... I want to know which eminent professor would assert such a opinion, because he's no economic historian based on your comment.
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