The Rise and Fall of the Gold Standard


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Essay #: 052527
Total text length is 13,945 characters (approximately 9.6 pages).

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The beginning:
The Rise and Fall of the Gold Standard
Archaeological evidence for the use of money goes back several thousand years. For some of this time, humans have used gold as the metal of choice for money and the measure of value. This essay will trace the rise and fall of the gold standard, beginning with a quick introductory survey and continuing on to a close analysis of the pre- and post-Bretton Woods fate of the gold standard. The conclusion is that, in modern times, the complexity and speed of international commerce makes a monetary policy based on the gold standard both impractical and undesirable to implement.
Gold from the Ancient World to Bretton Woods
Wheeler (2008) defines the gold standard as “a monetary system in which...
The end:
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