Gold and the End of the Depression

A SHORT time ago the English newspapers carried a rather amusing anecdote that was not without its symbolic side. Dedicating a public building in Birmingham, Mr. Neville Chamberlain, the Chancellor of the Exchequer, was handed a gold key to open the door. At his first effort the key refused to turn in the lock, nor were the second and third essays more successful. Inspection proved that a very slight obstacle was interfering with the functioning of the key -- a bit of dried paint. Once it was removed, the Chancellor was more successful. The door opened wide before him.

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