they didn't all follow the exact nine-step process outlined by Rothbard, but they all eventually ended up shifting away from gold-backed currencies

in the previous centuries, all countries were on a gold or silver standard, but when big wars kicked off like ww1 and one country started printing unbacked money, others had to do it so they could keep up

then they were stick with huge debts and the need to repeg to gold

for countries that were in British or french colonies, they would have had their currencies been pegged to sterling or francs or something and would have exerpianced things in a similar way, but again, since they didn't have independence, they were stuck with whatever the colonial powers were up to