What is the gold standard What is the gold standard If you want a simple and popular explanation, it

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The gold standard is in the early days, the transaction of various countries is the only standard to measure the wealth of a country, and later paper money was printed, and the value of each country's currency depends on all the amount, that is, you have a ton, no matter how much money you print, its purchasing power is only a ton, the gold standard means, as the standard anchor for calculating the value, of course, the era of the gold standard passed after the Brinton Woods system, the dollar was pegged, and the dollar gradually became the world currency.

Ever heard of dollars? That is the representative of the gold standard, and the paper money issued is pegged to **, which means that one dollar can be exchanged for **, which can prevent the currency from depreciating.

There are three differences between the gold standard and the silver standard:

1. The base currencies of the two are different:

1. The standard currency of the gold standard: **.

2. The standard currency of the silver standard: **.

2. The essence of the two is different:

1. The essence of the gold standard: under the gold standard, the monetary value of each unit is equivalent to a certain weight of ** (i.e., the gold content of the currency); When different countries use the gold standard, the exchange rate between countries is determined by the ratio of the gold content of their respective currencies - gold parity.

2. The essence of the silver standard: the silver standard is based on the weight of "two" as the standard for the implementation of silver bar circulation. The silver coin standard is a silver coin that is specified by the state as a monetary metal and requires to be minted into a certain shape, weight and fineness; Silver coins can be freely minted and freely melted; Bank vouchers can be freely exchanged for silver coins or**.

3. The meaning of the two is different:

1. The significance of the gold standard: The gold standard is a stable monetary system. The free play of the functions of the world currency has promoted the development of commodity production in various countries and the expansion of international affairs, promoted the development of capitalist credit, and also promoted the export of capital.

The gold standard automatically adjusted the balance of payments and promoted the prosperity and development of the world economy during the rising stage of capitalism.

2. The significance of the silver standard: silver coins and ** can be freely exported or imported to ensure the stability of the foreign exchange market. Under the silver standard, the exchange rate is fixed, which eliminates the uncertainty of exchange rate fluctuations and is conducive to the world's progress; Central banks have a fixed ****, so that the real value of the currency is stable; No country has a privileged position.

All I know is that the gold and silver standard protects against inflation and is conducive to the creation of real national wealth, not debt wealth.

The gold standard is the gold standard, and the gold standard is a monetary system with ** as the standard currency. Under the gold standard system, the monetary value of each unit is equal to a certain weight of ** (i.e., the gold content of the currency); When different countries use the gold standard, the exchange rate between countries is determined by the ratio of the gold content of their respective currencies - gold parity. The gold standard began to prevail in the mid-19th century.

Historically, there have been three forms of the gold standard: the gold coin, the bullion standard, and the gold exchange standard. Among them, the gold coin standard is the most typical form, in a narrow sense, the gold standard refers to the kind of currency system.