Encyclopedia of Early Modern History Online

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Gold standard
(1,187 words)

1. Definition

Gold standard and gold currency are connected terms in the history of money (see Money, theory of), but with different definitions. A gold currency exists when the unit of currency in a country (e.g. pound or mark) is expressed as a fixed amount of gold. This can take two forms: circulating gold currency and gold exchange. In the first case, gold coinage (Coin) predominates as the main currency in circulation, which otherwise consists of silver token coinage (with l…

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North, Michael, “Gold standard”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 20 August 2019 <http://dx.doi.org/10.1163/2352-0272_emho_COM_020336>
First published online: 2015
First print edition: 20180915



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