Foreign developments again demanded attention in financial and business circles. Just as the Hindenburg election eclipsed in public opinion the French financial scandals and the resurgence of M. Caillaux, so the German election was ousted from public attention, last week, by the momentous action of Britain in resuming the gold standard (see below; also COMMONWEALTH).
Evidently Chancellor Churchill's step in restoring the gold standard has established a new milestone in European recovery from the War. Nonetheless, the European outlook is still highly uncertain, with mutterings in the Balkans again proving a disturbing factor....
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