1821 -
Gold Standard |
|
|||||
| This was a way to stabilize the world economies by putting
everything in terms of gold, which remained at a constant rate. This was
the foundation for the United States Gold Repository, where for every dollar
printed a dollar’s worth of gold was put away to back it up. Thus
the dollar could never be devalued on a worldwide scale. |
Chapter 14 Page 600 .: 8th Edition :. |