2min chapter

The Forum cover image

Money: From coin to cryptocurrency

The Forum

CHAPTER

How Did the Gold Standard Come to Be?

In 1717 Newton seems to confirm the primacy of gold in Britain. Scholars are still debating if this was intentional. Will, how do we get from there to the official adoption of the gold standard a hundred years later? And then it's spread around the world. The whole thing came to a crashing end in World War I when this whole closely knit financial system fell apart.

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