Elizabeth

Arthur's interest in the British people's views on abandoning the gold standard stemmed not only from the Australian dollar's close ties to the pound sterling, but also, and more importantly, from the fact that the pound sterling was currently the world's strongest currency.

As a global currency, whenever such a currency depreciated, it often made all the countries around the world that used it pay the bill together.

The best example was the future world policeman. Although the United States had a high national debt, it only needed to print dollars like mad and let the dollar undergo a certain degree of depreciation to make the entire world pay for its debts.

The entire world was helpless to stop it, precisely because after World War II, the United States had established a monetary system based on the dollar. Replacing the dollar was extremely difficult.

The good news was that Britain and France had colonies. Along with depreciating their currencies and passing the crisis on to the Germans, they had all kinds of trump cards and did not need to worry about suffering excessive losses during the economic crisis.

The British could even avoid having the economic crisis erupt in London and make the United States the source and hardest-hit area of the crisis.

After all, compared with the old imperial powers that possessed vast colonies, a newly rising power like the United States, which had no colonies to serve as markets, was the most vulnerable to the impact of an economic crisis.

Without colonial populations to bear this suffering for them, the consequences of the economic crisis could only be endured by the Americans themselves.

In short, America's economic crisis would have to be borne by the Americans themselves, which would be a considerable blow to the country's stability and