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…