Questions tagged [gold-standard]
22 questions
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Under The Gold Standard, was a country's money supply literally restricted by physical gold stores?
Under The Gold Standard, did the United States Mint actually track the amount of paper money in circulation against gold stores? And if there was an amount of paper money equal to the gold stores, did they stop printing paper money?
And what if…
Deane
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Gold Standard: Settling Up -- how were large transactions handled between companies?
I got the impression that the purchase of Alaska from Russia required at some point what would have been at 20 bucks/ounce (I think gold was at one point much less than 20) 350k ounces or roughly 10 tons of gold to Russia. If this is so, the expense…
releseabe
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Is the gold standard tenable for a "high-tech" economy?
I know about the gold standard and how that seemed to work for many years. I also read that some government official and/or economist in the late 19th or early 20th century asked something to the effect, How there could be enough gold to be able to…
releseabe
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What were the problems with the gold standard?
I was reading this answer to a question about bitcoin vs gold standard which includes
As a consequence, if Bitcoin standard would ever become adopted it would likely perform even worse than Gold standard did (which is saying something), and would…
Mr. Spock
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Why does the gold standard require countries to keep exchange rates fixed?
The gold standard required countries to use monetary policy to keep
exchange rates fixed and thus to allow prices, output, and employment
to vary as required by the movements of gold and the country’s
exchange rate. (A history of the Federal…
user12406990
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National gold reserve vs boosting economy
In Free to Choose: A Personal Statement (Milton and Rose D. Friedman) I read that when a given country economy is developing well then the national reserve of gold is decreasing, while if that country economy is not developing well then the national…
Snochacz
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Primary difference between FDR and Nixon for de-linking gold with dollar?
I'm unable to understand the different role that both FDR and Nixon, played in de-linking gold with dollar.
I do understand that after Nixon, value of dollar is not linked to amount of gold (No longer fixed exchange rate between gold and dollar).…
nsivakr
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