G D H Cole
Articles by G D H Cole
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UK Politics
Politics and the pound
- 30 August 2007
- 1 comment
Taken from The New Statesman 29 August 1931
In August 1931, the Great Depression precipitated a crisis that led to the collapse of the second Labour government and the creation of a national coalition. The UK departed from the Gold Standard, ended free trade and cut welfare benefits. The New Statesman’s editor, Kingsley Martin, and G D H Cole, its writer on political economy, wrote a joint article to assess the left’s accusation that Labour’s loss of office had been due to a bankers’ conspiracy.
Selected by Robert Taylor
