$黄金主连 2504(GCmain)$ There was no worldwide depression in 1925, and the more famous Great Depression occurred in 1929. However, 1925 was indeed a year of economic turmoil, especially in the UK. At that time, the British government decided to restore the gold standard (Gold Standard), re-peg sterling to gold and restore its exchange rate to pre-war levels (£1 = $4.86). This decision led to a decline in the competitiveness of British exports, a setback in the economy and a rise in unemployment, which was considered to be an important factor in Britain's economic woes. As for the price of gold, the world's major economies still adopted the gold standard in 1925, so the price of gold was relatively stable and did not rise significantly. In fact,
$大豆主连 2505(ZSmain)$ Today, when US soybeans were tested in China, they were found to be substandard, causing the purchase of US soybeans to be cancelled and three US soybean companies banned by China. Is this the result of a trade war?