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The Great Depression presented the coalition government with a difficult crisis that, it appears from the SARB’s internal discussions [CROSS REFERENCE: The gold standard], was little understood for much of the early days. In brief, the Great Depression was a prolonged period marked by a decline in global economic conditions. In addition, Britain’s decision to leave the gold standard on 21 September 1931 had far-reaching political and economic repercussions. A detailed account of the SARB’s deliberations and interaction with the Minister of Finance on the gold standard is on page XXX.
Great Depression
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