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Crowds on the street outside the Stock Exchange in the City of London as Britain abandoned the gold standard, 1931 (b / w photo)
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Crowds on the street outside the Stock Exchange in the City of London as Britain abandoned the gold standard, 1931 (b / w photo)
6015589 Crowds on the street outside the Stock Exchange in the City of London as Britain abandoned the gold standard, 1931 (b/w photo) by English Photographer, (20th century); Private Collection; (add.info.: Crowds on the street outside the Stock Exchange in the City of London as Britain abandoned the gold standard, 1931. Illustration from The Story of the World in Pictures (Odhams Press, London, 1934).); © Look and Learn
Media ID 22325302
© Look and Learn / Bridgeman Images
Business Business Enterprises Clock Clocks Closed Closure Corporations Crisis Currency Economics Economy Finance Financial Fixed Free Trade Goods Transport Great Depression London Stock Exchange Panic Pound Sterling Stock Market Throgmorton Street Timepiece Worried Worry 1930 1939 Years 30 30s 1930 1939 Years 30s 19301939 1933 34 Gold Standard Nineteen Thirties
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EDITORS COMMENTS
This photograph captures the chaotic scene outside the Stock Exchange in the City of London in 1931, as Britain made the momentous decision to abandon the gold standard. The image, taken by an English photographer of the 20th century, showcases a pivotal moment in history. The streets are filled with crowds of worried people, their faces etched with concern and panic. It is evident that this event had a profound impact on both individuals and society as a whole. The closure of the stock market symbolizes not only economic turmoil but also represents a nation grappling with its financial future. The significance of this photograph is further highlighted by its inclusion in "The Story of the World in Pictures" published by Odhams Press in London in 1934. This publication aimed to document historical events through visual storytelling, making it accessible to a wider audience. As we delve into this snapshot from history, we witness how global events can shape economies and societies. The abandonment of the gold standard marked a turning point for Britain's economy during one of its most challenging periods –the Great Depression. Through this powerful image captured on Throgmorton Street, we gain insight into an era defined by uncertainty and struggle. It serves as a reminder that even amidst chaos, resilience prevails and nations find ways to rebuild their financial systems while navigating uncharted waters.
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