Gold standard: Difference between revisions
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A monetary agreement under which national currencies were backed by gold and gold was used for international payments. | A monetary agreement under which national currencies were backed by gold, and gold was used for international payments. | ||
Most countries abandoned the gold standard for their currencies during the 20th century. | |||
== See also == | == See also == | ||
* [[Bretton Woods]] | |||
* [[Fiat currency]] | * [[Fiat currency]] | ||
* [[Foreign exchange]] | * [[Foreign exchange]] | ||
Revision as of 16:54, 11 December 2016
A monetary agreement under which national currencies were backed by gold, and gold was used for international payments.
Most countries abandoned the gold standard for their currencies during the 20th century.
See also
Other links
Currency wars and the fall of empires www.pieria.co.uk
