| Glossary ID | 137 |
|---|---|
| Title | Gold Standard |
| Search Letter | G |
| Description | 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. |
| Last Update | 2021-11-29 09:27:05 |