Toggle navigation
CNB::RCB Ionos
Home
Cats
Coins
CoinsDT
Articles
Glossary
Monarchs
Years
Mints
Countries
Login
Home
Glossaries
Gold Standard
Update
Update Glossary: Gold Standard
Title
Search Letter
Description. The main definition.
A monetary system where currency is linked directly to gold. Britain adopted the gold standard in 1816 and many other countries followed suit, but was abandoned in the 1930's when government debt required it to print more money than it had in gold.
Update
This was last updated on 29-Nov-2021 09:27:05