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It was in this position
Churchill maybe made his biggest mistake as a politician: He revalued the pound,
giving the currency a fixed value against other currencies, to better the rather
poor economic situation. Churchill took this step with many misgivings, and it
proved a mistake, worsening the poor economic situation...
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Churchill took this step with many misgivings, and it
proved a mistake, worsening the poor economic situation. Afterward he made
efforts to heal the grand failure with labor, but he was never entirely
successful. Between 1929 and 1939 Churchill did not hold office. He disapproved
violently of Baldwin's Indian policy, which pointed toward eventual self-
government...
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