Gold Standard: Difference between revisions
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- Remain the metal of monetary reserve accounting until the collapse of the Bretton Woods agreement in 1971. <br> | - Remain the metal of monetary reserve accounting until the collapse of the Bretton Woods agreement in 1971. <br> | ||
== How the Gold Standard Works == | |||
== Gold Standard History]] == | |||
== Effect on the Great Depression == | |||
== Bretton Woods Conference == | |||
== International Gold Standard == | |||
== Performance of Gold Standard == | |||
== Pros and Cons of Gold Standard == | |||
Group: Minh, Dan, Nick | Group: Minh, Dan, Nick | ||
Revision as of 19:55, 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]]
Effect on the Great Depression
Bretton Woods Conference
International Gold Standard
Performance of Gold Standard
Pros and Cons of Gold Standard
Group: Minh, Dan, Nick
