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Gold Standard

  • In: Encyclopedia of Global Studies
  • Edited by: Helmut K. Anheier & Mark Juergensmeyer
  • Subject:Globalization, Social Policy (general), Cultural Geography

For many years, the gold standard served the purpose of stabilizing individual economies. The international gold standard helped to facilitate global trade. A country that adopted a gold standard issued a currency backed by its gold reserves. Usually gold coins circulated ...

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