Answer: The best step taken by the British government to end the great depression was abandoning the gold standards. It also had cut the rate of interest and the monetary policy by the government was also simplified.
Explanation:
The British government took certain very bold and important steps to rectify the errors that it had done before. All this was done to solve the problem and over come the Great Depression. The government of Great Britain abandoned the gold standards. After this when the link of gold with Sterling was severed, the government had cut the rate of interest also.
With this the threat and fear of deflation came to an end also. The monetary policy made by the government was also simplified where as in the United States it was still tough and there was an increase in the exports also of the country leading to the growth of the economy of the country. There was increase in the level of production and there were many employment opportunities for the people of the country.
