During the 1920s,the British government,under the leadership of the Conservative party,pursued a policy of "deflation" in an attempt to:

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Pursuing a policy of "deflation" during the 1920s was an attempt by the British government to regain its position as the leading industrial and financial power in the world. This was primarily achieved through reducing government spending and cutting back on credit, which aimed to stabilize and strengthen the pound against other currencies.

During the 1920s,the British Government,under the Leadership of the Conservative