1949 devaluation of the pound
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:currency
|
| gptkbp:announced |
gptkb:Sir_Stafford_Cripps
|
| gptkbp:category |
gptkb:1949_in_the_United_Kingdom
Economic history of the United Kingdom |
| gptkbp:cause |
balance of payments crisis
post-war economic difficulties |
| gptkbp:country |
gptkb:United_Kingdom
|
| gptkbp:currency |
Pound sterling
|
| gptkbp:date |
18 September 1949
|
| gptkbp:devalued_by |
30.5%
|
| gptkbp:effect |
imported inflation
increased competitiveness of British exports reduction in purchasing power |
| gptkbp:followedBy |
devaluations by other sterling area countries
|
| gptkbp:government_in_power |
gptkb:Labour_government
|
| gptkbp:new_exchange_rate_to_US_dollar |
$2.80 per £1
|
| gptkbp:position_of_announcer |
gptkb:Chancellor_of_the_Exchequer
|
| gptkbp:previous_exchange_rate_to_US_dollar |
$4.03 per £1
|
| gptkbp:primeMinister |
gptkb:Clement_Attlee
|
| gptkbp:relatedEvent |
gptkb:1967_devaluation_of_the_pound
|
| gptkbp:bfsParent |
gptkb:Sterling_crisis
|
| gptkbp:bfsLayer |
7
|
| http://www.w3.org/2000/01/rdf-schema#label |
1949 devaluation of the pound
|