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Originally published in 1935, this book charts the revolution from a banking to an industrial conception of currency which took place between 1922 and 1932. Having failed to stabilise the purchasing power of gold, General Strong stabilised the purchasing power of the dollar, an idea which was revived on an international scale by the Ottawa Conference of 1932. The stabilisation of purchasing power, independently of gold, was subsequently adopted as the keystone of British currency policy.

Originally published in 1931, this book was written at a time when the utility and value of gold was under great scrutiny. Global financial circles were discussing the necessity of reducing the price of gold, pressing for the return of Britain to a gold standard and imposing a managed currency. Against a background of post-war monetary and financial dislocations, the author argues that the unique monetary quality of gold is its liquidity, and its universal acceptability as a natural form of money throughout the world.