The Gold Standard Explained in 1 Minute
What is the Gold Standard? Here is a short video produced by ‘One Minute Economics’ explaining the beginnings of gold minted for trade, the ‘Gold Standard’ and it’s eventual replacement with fiat currencies in 1971. Almost 2600 years ago, the first gold coins were minted and used for trade. Later on, people started storing there gold in well guarded vaults, and
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