Gold standard

Under a gold bullion standard, paper notes are convertible at a preset, fixed rate with gold bullion.

William McKinley ran for president on the basis of the gold standard.

Ending the gold standard and economic recovery during the Great Depression.[29]

A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. Three types can be distinguished: specie, bullion, and exchange.

Most nations abandoned the gold standard as the basis of their monetary systems at some point in the 20th century, although many hold substantial gold reserves.

单词	Full gold standard
释义	Full gold standard 英语百科 Gold standard A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. Three types can be distinguished: specie, bullion, and exchange. Most nations abandoned the gold standard as the basis of their monetary systems at some point in the 20th century, although many hold substantial gold reserves.
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Full gold standard

Gold standard