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Pastimes : Don't Ask Rambi

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To: Ilaine who wrote (29812)	6/25/1999 1:06:00 AM
From: JF Quinnelly	Read Replies (1) of 71178

Yeah, Churchill even introduced "Iron Curtain" to the language in a famous speech he gave in Missouri in... 1947? Of course, Stalin had already been trashing the West for an entire year in his speeches, if anyone wants to go back and look. The mistake that the English made in their return to gold after WWI was attempting to restore "parity", returning the Pound to its pre-War valuation, instead of simply pegging the Pound to gold at the then prevailing market rate; the result was a profound deflation for the Pound. The US experienced a similar phenomenon after the War between the States as it sought to restore the gold standard. The British weren't alone in siding with the White Russians in 1919; Wilson sent American troops into Russia as well, I think up by Arkangel.

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