During the 1920s,the British and French governments pursued a policy of "deflation" in an attempt to:

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The policy of deflation was aimed at reducing demand for goods in their domestic markets, which in turn would make their goods cheaper and more competitive in world markets. This was a response to the economic difficulties faced by both countries after World War I and the need to increase exports to stimulate economic growth. Deflation involved reducing government spending, raising interest rates, and cutting the money supply to control inflation and stabilize exchange rates.

During the 1920s,the British and French Governments Pursued a Policy