The Fall of the British Empire: Why Global Power Shifted — Fexingo History
In this episode, Lucas and Luna explore the 1967 devaluation of the pound sterling under Prime Minister Harold Wilson and Chancellor James Callaghan. They trace how the defence of sterling as a reserve currency forced brutal spending cuts, including the withdrawal from East of Suez. Key figures like Denis Healey, the IMF, and the Bank of England's stance are discussed, along with the impact on Commonwealth trade and Britain's diminished global standing. The episode also covers the parallel 'gold war' with France and the rise of the eurodollar market. #SterlingDevaluation #HaroldWilson #JamesCallaghan #DenisHealey #EastOfSuez #IMF #BankOfEngland #ReserveCurrency #PoundCrisis #1967 #Commonwealth #Eurodollar #GoldWar #France #BritishEmpire #FexingoHistory #History #Economics Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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