Reflections of a stormy petrel

I think something of the kind happened to the pound in 1914. When Britain went to war, it did not even imagine that among the most permanent results of the war would have been to make everyone divest from pounds and invest in dollars. Indeed, the impact of the massive inflow of funds from Europe to Wall Street in Autumn 1914 was such that for a long time there was a danger that the unprepared Americans might collapse under their very success. Well, I guess it took them only 94 years.