Gold Standard: Difference between revisions
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== Why Pick Gold As The Standard? == | == Why Pick Gold As The Standard? == | ||
- First known metal. Valuable throughout the ages because of scarcity. High value for its beauty and resistance to corrosion and rust. | - First known metal. Valuable throughout the ages because of scarcity. High value for its beauty and resistance to corrosion and rust. <br> | ||
- Soft and easy to work with (very malleable and can be easily shaped into various forms). As a result, gold had long been used as a form of money and store of wealth by merchants and traders. | - Soft and easy to work with (very malleable and can be easily shaped into various forms). As a result, gold had long been used as a form of money and store of wealth by merchants and traders. <br> | ||
- Its versatility for many applications, such as jewelry and adornment. Means of payment of armies. | - Its versatility for many applications, such as jewelry and adornment. Means of payment of armies. <br> | ||
- Supplant silver as the basic unit of international trade at various times (Islamic Golden Age, peak of Italian trading during the Renaissance, during the 19th century). | - Supplant silver as the basic unit of international trade at various times (Islamic Golden Age, peak of Italian trading during the Renaissance, during the 19th century). <br> | ||
- Remain the metal of monetary reserve accounting until the collapse of the Bretton Woods agreement in 1971. | - Remain the metal of monetary reserve accounting until the collapse of the Bretton Woods agreement in 1971. <br> | ||
[[- How the Gold Standard Works]] <br> | [[- How the Gold Standard Works]] <br> | ||
Revision as of 19:53, 2 December 2006
Why Pick Gold As The Standard?
- First known metal. Valuable throughout the ages because of scarcity. High value for its beauty and resistance to corrosion and rust.
- Soft and easy to work with (very malleable and can be easily shaped into various forms). As a result, gold had long been used as a form of money and store of wealth by merchants and traders.
- Its versatility for many applications, such as jewelry and adornment. Means of payment of armies.
- Supplant silver as the basic unit of international trade at various times (Islamic Golden Age, peak of Italian trading during the Renaissance, during the 19th century).
- Remain the metal of monetary reserve accounting until the collapse of the Bretton Woods agreement in 1971.
- How the Gold Standard Works
- Gold Standard History (M)
- Effect on the Great Depression (N)
- Bretton Woods Conference (N)
- International Gold Standard (M)
- Performance of Gold Standard (D)
- Pros and Cons of Gold Standard (D)
Group: Minh, Dan, Nick
