Stockbrokers and investors seen here at the Stock Exchange in 1931 following the banking

Wall Art and Photo Gifts from Memory Lane

Stockbrokers and investors seen here at the Stock Exchange in 1931 following the banking

Stockbrokers and investors seen here at the Stock Exchange in 1931 following the banking and stock market crisis in the USA and the vain attempt by the Bank of England in 1925 to return to the discipline of the gold standard which failed in 1931. The United Kingdom left the standard for good. The countrys gold and foreign exchange reserves were transferred to the Treasury although their day-to-day management was and still is handled by the Bank. This meant that the note issue was no longer backed by gold

Mirrorpix
London
England

Media ID 21387851

© Mirrorpix

1931 Archiveids Bowler Hats Busy Finance Credit Crunch

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> Europe > United Kingdom > Related Images

> Memory Lane Prints > Mirror > 0100to0199 > 00100

EDITORS COMMENTS
This print captures the tumultuous scene at the Stock Exchange in 1931, a pivotal moment following the devastating banking and stock market crisis that shook the United States. The image showcases a sea of determined stockbrokers and investors, their faces etched with concern yet brimming with resilience. The backdrop to this snapshot lies in the failed attempt by the Bank of England in 1925 to reinstate the gold standard, which ultimately collapsed six years later. As a consequence, the United Kingdom bid farewell to this monetary system for good. Although control over gold and foreign exchange reserves was transferred to the Treasury, day-to-day management remained under the purview of the Bank. In this historic photograph, one cannot help but notice an array of bowler hats adorning these men as they navigate through a bustling crowd. Their presence is symbolic of an era characterized by formality and tradition within financial circles. This evocative image serves as a poignant reminder of how economic crises can bring people together amidst adversity. It encapsulates both hope and uncertainty as these individuals strive to rebuild shattered confidence in financial markets during one of history's most challenging decades -the 1930s.

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