I thought you might like a bit of a read through some excerpts from the book; A History of Money by Glyn Davies.

The book runs from 9000BC to the present day discussing the story of the History of Money.

This little excerpt starts in 1934 with the “US Silver Purchase Act”.
The Act obliges the government to buy large quantities of silver. This raises its price in world markets to such an extent that China is forced off its silver standard and many other countries demonetize their silver currencies. Thus in the long run the Act reduces the demand for silver, contrary to the intention of its supporters.

*1934 German Banking Act* This establishes a national Banking Supervisory Board authorized to license every bank.

*1935 – c.1970* Continuous moderate inflation in Britain The general level of prices rises every year but at a moderate rate.

*1935 US Banking Act* The changes this makes in the Federal Reserve System have the effect of shifting power away from New York and the Federal Reserve Districts towards Washington.

1935 Reserve Bank of India begins operations India’s central bank is modelled on the Bank of England. c. 1935 Cowries still used as money in Nigeria.

*1936 France abandons the gold standard* The French government’s policy of a strong franc is undermined by competitive devaluation.

After abandoning the gold standard France continues to be the centre of a Franc bloc including most of the non-German European countries south of Scandinavia until the Second World War.

*1936 Tripartite Agreement* between Britain, France and the US on exchange rates The aim of the agreement is to stabilize exchange rates. It falls apart with the advent of the Second World War

So, some interesting times I’ll probably post more at some stage so subscribe and don’t miss a thing.