South Africa abandons the Gold Standard, sparking a period of economic expansion
… many countries (including Great Britain) abandoned their gold standard and devaluated their currencies. South Africa, however, … (under General J.B.M. Hertzog) briefly maintained its gold standard and farmers were hard hit when the resulting … jaar, Kaapstad: Human & Rousseau.| Davenport, T. R. H. and Saunders, C (2000). South Africa: a Modern History …