The Gold Standard (Research Topic)

Gold Standard is monetary system, which the standard economic unit of account is a fixed weight of Gold. It's meaning to say they use gold to be a main part in trading. There wil be a grarantee for gold. The system in no longer use in the world because we use the flat money.

In the 1870,The first adoptation of gold standard is German, continued with Latin Monetary Union ( Belguim, Italy, France, Switzerland) and United States. But hitorian claimed that it began in England since 1717.

The starting crisis of Gold Standard was incresing in living standard. The central banking and the financial system was proven largely be example as the 1890 bail out of Baring Band by Bank of England. Bearing had been almost bankrupcy. Only the US. still lacked a central banking system. Only the United States still lacked a central banking system. Since the end of the depressions of the 1880, the increase rate of industrail and imperial colonization. Also served to push living standard higher.
Another reason is tho free the standard to fund the war.

The depression and Second World War (1933-1945)
In 1933, during the Great Depression, the London conference marked the death of the international gold standard as it had developed. The main problem was what value the gold standard should take. The US. adviced that reflection of prices occur before returning to the Gold Standard. The UK would use favorable trading arrangements to aviods tax discipline. Another disagreement is role of tariffs in defeat of the gold standard.