Here now comes in the British pound sterling and the great services {thas performed to maintain stability Jot world prices. 'The sterling cur rency, or the money' of British administration, by reason of the latter's feapacity, integrity and solid virtues, commanded universal confidence. It Ned the way, therefore, in the br with the tyranny of gold. That hav-Ing proved effective, and prosperity and trade returning to Great' Bri-fain, it was followed, of a necessity, by ihe other most powerful medium of exchange-the dollar of the great United States.
Tin the case of the latter, it gravity ated to the same result by reason of {the circumstance of the great world Jdepression. Prices there, in sympathy with those everywhere else, also fell Jeausing an unbearable and. unfair burden on the debtor class. This had to be rectified and because of the Jdanger of competitive depreciation, Sterling andthe U: dolar were put back to their ola pre-War parl-Hes, And these tworthe most power= ful media of exchange—later added
Text read from the printed page and cleaned; old type leaves the occasional error.