Market Trends

What is Gold Standard?

What is Gold Standard?

Investors Buz  –  Global Markets Roundup


Welcome to the Investors Trading Academy talking glossary of financial terms and events.
Our word of the day is “Gold Standard”
The gold standard is a monetary system in which a country backs its currency with a reserve of gold, and allows currency holders to exchange their notes and coins for gold. For many years up to 1914, most of the world’s leading currencies had their exchange rate determined by the gold standard. The economic disruption resulting from the first world war led the combatants to abandon the link to gold.
300x250 chat banner en 09.10.2014
The UK (with others) returned to the gold standard in 1925, before quitting it for good in 1931. The widespread use of the gold standard ended during 1930-33 as a result of global depression and large cuts in international lending. The United States left the gold standard in 1933 and partially returned to it in 1934. After the second world war, a limited form of gold standard continued but only directly applied to the dollar; other major currencies had their exchange rates fixed to the dollar under the Bretton woods arrangements. The dollar was finally cut loose from the gold standard in 1971.

Click here for reuse options!
Copyright 2016 Investors Buz

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

3 Replies to “What is Gold Standard?

Leave a Reply