The Gold Standard Explained in 8 Minutes! ((Brief History))

Описание: In this video, we take a brief, but insightful look into the history of the Gold Standard — a monetary system that once backed money with real gold. From its rise in the 19th century to its eventual fall in the 20th, discover how this monetary system shaped global economies and why it was ultimately abandoned.

Time Stamp:
00:00 - 00:30 - Why Gold?
00:31 - 01:26 - Bimetallism
01:27 - 01:39 - Establishment of the Gold Standard
01:40 - 03:16 - Gold Standard in Britain
03:17 - 04:22 - Gold Standard in the US
04:23 - 06:09 - The Golden Age (1870s - 1914)
06:10 - 06:34 - World War I (1914 - 1918)
06:35 - 07:32 - The Bretton Woods System
07:33 - 08:28 - End of Gold Standard

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DISCLAIMER:
This video is made for educational entertainment purposes. Please do not use this video as the only source of information. Please do your own thorough research for detailed information on the subject.

REFERENCES:
https://www.gold.org/history-gold/the...
https://www.goldmoney.com/research/a-...
https://lordslibrary.parliament.uk/ba...
https://cepr.org/voxeu/columns/end-go...
https://www.federalreservehistory.org...

Image Sources:
Richard Nixon image:
"Richard Nixon" by History In An Hour is licensed under CC BY 2.0. To view a copy of this license, visit https://creativecommons.org/licenses/....

English Florin:
https://creativecommons.org/licenses/...
English Noble:
https://www.svcollector.com/
English Guinea:
https://www.royalmint.com/
English Sovereign:
https://londoncoins.co.uk/