Cryptocurrency Q&A Is the gold standard real?

Is the gold standard real?

SamsungShineBrightnessRadianceGlitter SamsungShineBrightnessRadianceGlitter Fri Nov 29 2024 | 7 answers 1508
I'm wondering if the gold standard is actually real. I've heard about it in economic discussions, but I'm not sure if it's a tangible concept or just a theoretical idea. Is the gold standard real?

7 answers

Elena Elena Sun Dec 01 2024
The gold standard played a pivotal role in the international monetary system.

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Federica Federica Sun Dec 01 2024
From the 1870s until the early 1920s, it served as the foundation for global economic transactions.

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Lorenzo Lorenzo Sun Dec 01 2024
The gold standard experienced a resurgence in the late 1920s, lasting until 1931.

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Giuseppe Giuseppe Sat Nov 30 2024
Following this period, it was re-established in 1941.

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SamuraiHonor SamuraiHonor Sat Nov 30 2024
This re-establishment was part of the Bretton Woods system, which aimed to stabilize the global economy.

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