On 29 September 1976 problems facing the Prime Minister, James Callaghan, are illustrated on the front cover of Punch magazine.
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TopFotoFrom the 1950s until the 1970s Britain faced a series of challenges in international finance, including frequent balance of payments crises. In the 1970s changes in the way foreign exchange was handled at the international level saw the end of the sterling area.
Related documents
Search using Sterling area Bretton Woods International Monetary Fund
Further reading
- Dell, E., The Chancellors: A History of the Chancellors of the Exchequer 1945-1990 (London: Harper Collins Publishers, 1996)
- Cain, P.J. & Hopkins, A.G., British Imperialism Crisis and Deconstruction 1914-1990 (London and New York: Longman, 1993)
