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Economic history · Britain
Learn what happened on Black Wednesday, why Britain could not keep the pound in the ERM, and what it did next.
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The last module, the final test and the Ceteris Certificate are for members. How the certificate works
Modules are written to be read in order: each one opens on the question the last one closed with. Start wherever you like.
1 What Was Black Wednesday? Learn what happened to the pound on 16 September 1992, what led up to it, and how far it fell. 7 steps · 11 min Done 2 Why Black Wednesday Happened Learn why Britain could not keep the pound in the ERM, what replaced it, and whether leaving helped. 7 steps · 12 min Members Done Members · final stepFinal test and Ceteris Certificate14 questions, 18 minutes. Pass to earn a graded certificate (Pass, Merit or Distinction) for Black Wednesday, with a link anyone can use to check it. Membership opens the final module, the test and the certificate.Leave an address and you will hear as each module goes up.
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Country data from the World Bank (CC BY 4.0) and the UNDP Human Development Report (CC BY 3.0 IGO)
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