gold standard
12
5.1
- noun
- /ɡoʊld ˈstændərd/
- Specialized
:
patrón oro
- When the country adopted the gold standard, its currency was linked to a specific amount of gold.
- classical gold standard
- abandon the gold standard
- international gold standard
And so currencies, national currencies under the gold standard where specific units of gold.
- And so currencies, national currencies under the gold standard where specific units of gold.
- President Nixon took the dollar off of the gold standard.
- It's a long story, but the we were effectively on the gold standard until just a few decades ago.
- And now we have the alternative to the gold standard is floating currencies.
- That's why governments have taken relatively concerted action to go off of the gold standard.
- However, economists were concerned just keeping the pound on the gold standard was a battle in itself for the financiers of London.
- So when when it was on the gold standard, the money would represent some stable component of reality.
- So he took the US off the gold standard and since then, paper currency no longer had to be backed by gold.
- And then I put together when I was flying in Vietnam, why my rich dad, who was Chinese, said watch out because they took the dollar off the gold standard.
- All the while, we just left the gold standard, which sent a massive signal to Americans that said, hey, you know what?
- And then I put together when I was flying in Vietnam why my rich dad was Chinese, said watch out because they took the dollar off the gold standard.
- And I guess what it was true before Nixon took the dollar off the gold standard, you it was true.
- A tricky Dick taking the US dollar off the gold standard.
Examples
-
So he took the US off the gold standard and since then, paper currency no longer had to be backed by gold.
-
Bretton Woods imitated the gold standard in many respects and would not have been possible without its example.
Academic text (1990) -
For the gold standard to work, banks were supposed to play by the rules of the game.
-
It's a long story, but the we were effectively on the gold standard until just a few decades ago.
-
The moment they took the dollar off the gold standard, what happened was these guys started to print money.
-
The evolution of the gold standard in Britain did not mean the establishment of an international gold standard.
Academic text (1990) -
However, economists were concerned just keeping the pound on the gold standard was a battle in itself for the financiers of London.
-
The classical gold standard was a rules-based monetary policy regime.
Academic text (2018) -
The only inflation-stable, worldwide monetary system that existed was the pure gold standard.
Academic text (1990) -
James Garfield was an outspoken advocate of the gold standard.
Synonyms
42
6.7
A commodity like gold that sets a country's money value
14
3.7
The way a country supplies and manages money and how people measure its value
1
6.1
A system that decides what a country's money is worth
Use of one metal like gold to set a country's money value
How Backed
- Specialized
12
5.1
- Specialized
1
6.1
- Specialized
42
6.7
- Specialized
6
6.8
Surface Forms
Morphology
The meaning is directly compositional: 'standard' as a basis or measure combined with 'gold' signals a system or benchmark based on gold, so a learner who knows both words can infer it refers to a monetary system tied to gold. This construction and sense are cross-linguistically common and follow literal combinatory logic, making it readily comprehensible to B1 learners.
Etymology
Gold standard originally named a money system where a country's money was tied to a fixed amount of gold, so people could trade their money for gold. That's why it means a system where the value of money is fixed to a set amount of gold.