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Chapter 543: The Tail End of Peace and War
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Chapter 545: The Grand Finale (1)
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... request of the French, England began comprehensive reforms of its domestic political economy. The first step was to rectify the chaotic financial order within the country.
It was clear that the British pound notes had completely lost their credibility. In this era of the gold standard, a currency that could not be converted into gold was essentially worthless paper.
Therefore, the first major task in rectifying Britain's financial order was to reform the pound. Convert pound not ...
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~ postscript
