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gptkbp:instanceOf
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Monetary System
|
|
gptkbp:abolished
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gptkb:Great_Depression
gptkb:World_War_I
|
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gptkbp:alsoKnownAs
|
gptkb:Gold_Standard
|
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gptkbp:basisFor
|
Currency Value
|
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gptkbp:category
|
gptkb:gold
Monetary Policy
Economic History
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gptkbp:currency
|
gptkb:Gold_Coins
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gptkbp:endDate
|
20th century
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gptkbp:feature
|
Convertibility of currency into gold coins
Fixed gold content for currency unit
Free coinage of gold
Unlimited legal tender of gold coins
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gptkbp:historicalSignificance
|
Dominant global monetary system in 19th and early 20th centuries
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Gold Coin Standard
|
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gptkbp:limitation
|
Deflationary bias
Limited monetary policy flexibility
Vulnerability to gold supply shocks
|
|
gptkbp:notableCountryAbandonment
|
United Kingdom (1914)
United States (1933)
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gptkbp:notableCountryAdoption
|
United Kingdom (1821)
United States (1879)
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gptkbp:purpose
|
Facilitate international trade
Control inflation
Stabilize currency value
|
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gptkbp:relatedTo
|
gptkb:Gold_Bullion_Standard
gptkb:Gold_Exchange_Standard
gptkb:Bimetallism
gptkb:Bretton_Woods_System
gptkb:Fiat_Money
|
|
gptkbp:replacedBy
|
gptkb:Gold_Bullion_Standard
Fiat Money System
|
|
gptkbp:startDate
|
19th century
|
|
gptkbp:usedIn
|
gptkb:Australia
gptkb:Canada
gptkb:France
gptkb:Germany
gptkb:India
gptkb:Japan
gptkb:Russia
gptkb:South_Africa
gptkb:United_Kingdom
gptkb:United_States
|
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gptkbp:bfsParent
|
gptkb:Gold_Bullion_Standard
|
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gptkbp:bfsLayer
|
8
|