| Devaluation | ||
|---|---|---|
| This clip is not available for streaming at this time. Please contact WPA. | Tape Master: | 1766 |
| Catalog #: | 425471 | |
| Clip Number: | 425471-1 | |
| Orginal Film: | 040-095-02 | |
| Timecode: | ||
| Location: | London, England - New York Stock Exchange Buiding | |
| Year Shot: | 1967 (Actual Year) | |
| Audio: | Yes | |
| Color: | No | |
| Headings: | ECONOMICS: General Trends | |
| Description: | 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). | |
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