Which crisis led to Jenkins replacing James Callaghan as Chancellor?
Oil crisis
Falklands War
Devaluation crisis
Coal strike
Answer
The devaluation crisis prompted the replacement of James Callaghan with Roy Jenkins as Chancellor. This crisis involved the devaluation of the British pound in 1967, which was a significant economic event that led to a loss of confidence in the Labour government and ultimately contributed to Callaghan's resignation.
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