The ability to tap South African gold was regarded as vital for the restoration of sterling as an international currency after World War Two. Economic relations between Britain and the Union were dominated by the extreme volatility of capital movements within the sterling area.
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Paper provided by Portsmouth University - Department of Economics in its series Papers with number
135.
Find related papers by JEL classification: L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe