South Africa abandons the Gold Standard, sparking a period of economic expansion
… their gold standard and devaluated their currencies. South Africa, however, (under General J.B.M. Hertzog) briefly … were hard hit when the resulting spike in the cost of South African goods devastated exports, especially minerals … & Rousseau.| Davenport, T. R. H. and Saunders, C (2000). South Africa: a Modern History (Johannesburg)| Davies, R. …