Gold standard: Difference between revisions
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imported>Doug Williamson (Classify page.) |
imported>Doug Williamson (Add second definition. Source: https://dictionary.cambridge.org/dictionary/english/gold-standard) |
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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. | Most countries abandoned the gold standard for their currencies during the 20th century. | ||
2. | |||
An example of something that is very good that is used for measuring how good other similar things are. | |||
Revision as of 15:18, 11 December 2019
1.
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.
2.
An example of something that is very good that is used for measuring how good other similar things are.
See also
Other links
Currency wars and the fall of empires www.pieria.co.uk
