Churchill’s Greatest Mistake: The Gold Standard — Market Mad House

Winston S. Churchill’s greatest mistake; the gold standard, hobbled the British Empire, wrecked British industry, and hastened the coming of the Great Depression and World War II.

Churchill was a great man who made enormous mistakes. Churchill’s gigantic mistakes include the Bengal Famine in World II and the Gallipoli Campaign in World War I.

Conversely, Churchill’s greatest peace time mistake; returning the United Kingdom to the gold standard was more destructive than his wartime blunders…




Lessons from History is a platform for writers who share ideas and inspirational stories from world history. The objective is to promote history on Medium and demonstrate the value of historical writing.

Recommended from Medium

America’s Forgotten Wars — Market Mad House

5 things to know about the Poseidon

How a Trip to the Petrified Forest National Park Proves the Biblical Model of the World is All…

Wait, Vampires were real?

Nghệ thuật thông thái là nghệ thuật biết phải bỏ qua cái gì

In 1929, the United States had the famous great depression which was the worst recession that hit…

The Bizarre History of Circumcision

The flower that woke a nation.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Daniel G. Jennings

Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.

More from Medium

No More Hypotheses, No MoreTheories,

Nobody is making fun of deficit hawks anymore

So You Want To Be A Freelancer?

We’re f*cked in terms of climate change. We can’t fix it ever