The pressure caused by the First World War on economy coupled with the impact of Great Depression put an end to the fixed exchange rate systern. The Bank of England was no longer able to redeem its paper currency for gold at par value and llowed its

The pressure caused by the First World War on economy coupled with the impact of Great Depression put an end to the fixed exchange rate systern. The Bank of England was no longer able to redeem its paper currency for gold at par value and llowed its value 10 be deternined by supply and demand. With Briain abandoning the gold standard，there oppeared dfferent areas in the world。

由于第一次世界大战对世界经济产生了很大的压力,以及随之而来的经济大萧条,固定汇率制走到了尽头。英格兰银行无力再将其纸币以平价兑换成黄金,而任由供求状况来决定其纸币价值。随着英国抛弃金本位制,世界形成了不同的区域。