Devaluation
Devaluation
Clip: 425471_1_1
Year Shot: 1967
(Actual Year)
Audio: Yes
Video: B/W
Tape Master: 1766
Original Film: 040-095-02
HD: N/A
Location: London, England - New York Stock Exchange Buiding
Timecode: -
Britain devalues the pound from $2.80 to $2.40 and the move sets off worldwide economic waves. Stocks dip sharply then make a strong recovery and U.S. bank interest rates rise to defend the value of the dollar. A black screen reads, "Britain Pound Devalued In Economic Crisis." Prime Minister Wilson emerges from his residence, and makes his way to a waiting car. News headlines from around the word are shown. A newspaper's front page is glued to a wall. A newsstand dealer hands a paper to a customer. The exterior facade of the New York Stock Exchange is shown. A paper pusher stamps papers. Clerks being clerks. The "Big Board." A wide view of the floor (nice shot).