French Financial Instability, Banking Strikes, and Currency Actions (1930–1936)

1. France restores gold convertibility of the franc

   Jun 25, 1928Labels: Franc, Gold convertibility

   • French Wiki

2. Bank runs shift deposits toward savings institutions

   Jan 1, 1930Labels: Bank runs, Savings institutions

   • Banque France

3. Britain leaves gold, raising pressure on France

   Sep 21, 1931Labels: United Kingdom, Gold standard

   • Foreign Affairs

4. Gold outflows become a persistent political problem

   Jan 1, 1933Labels: Bank of, Gold outflows

   • Foreign Affairs

5. Stavisky scandal triggers confidence shock in Paris

   Jan 1, 1934Labels: Stavisky affair, Paris scandal

   • Stavisky

6. 6 February 1934 riots deepen political-financial instability

   Feb 6, 1934Labels: 6 February, Daladier government

   • Feb 1934
   • Stavisky

7. Deflation policy continues under 1935 governments

   Jan 1, 1935Labels: Deflation policy, 1935 governments

   • Foreign Affairs
   • Springer

8. Popular Front wins election amid economic strain

   May 3, 1936Labels: Popular Front, 1936 election

   • Britannica
   • 1936 France

9. Blum forms government as strike wave expands

   Jun 4, 1936Labels: L on, Strike wave

   • Blum I
   • Britannica

10. Matignon Agreements set labor rights and wage increases

    Jun 7, 1936Labels: Matignon Agreements, Labor rights

    • Matignon
    • WWII Museum

11. Gold and capital flight accelerates in 1936

    Sep 1, 1936Labels: Gold reserves, Capital flight

    • Foreign Affairs
    • Blum

12. France devalues the franc and suspends gold convertibility

    Sep 25, 1936Labels: Franc devaluation, Gold suspension

    • Tripartite
    • Blum

13. Tripartite Agreement seeks exchange-rate stability

    Sep 26, 1936Labels: Tripartite Agreement, International coordination

    • Tripartite
    • Springer

14. Currency law creates Exchange Stabilization Fund and controls

    Oct 1, 1936Labels: Exchange Stabilization, Currency law

    • BdF History
    • Goldverbot