Why the World Abandoned the Gold Standard

This episode of Business History talks about the history of the Gold Standard. From early 640 B.C. in modern-day Turkey to the Bretton Woods Agreement after World War II, and then to the fiat currency system we currently have today, Gold has played a significant role in the monetary systems for thousands of years.

#BusinessHistory #S01E02

[christiansummers]

nice ending " US Dollar is backed by nothing by promise and a smile"

[Riggsnic_co]

At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.

[RayMelvin-tgwi]

TRADING HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIME AND FAILED, I TRADED ON MY OWN BUT EACH TIME I KEEP Loosing MONEY. I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET. PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH

[teedee]

Making the most evil system of debt slavery sounds legit .. 🤮🤮🤮🤮🤮🤮

[jt]

I can see this channel having 100k subs in a few months. Well explained animated videos and good audio.

[prasannas]

World trade should be in *Digital Gold* instead of Dollar.
And all trade deficits should be paid in physical Gold on timely basis. (i.e. yearly or quarterly basis)

[ajp]

Bro your content is soooo good!

Keep doing you man, one of these videos will blow up at some point and all the views will be headed your way

[thegrandlevel]

The world didn’t abandon the Breton-woods system.

The world was FORCED to abandon their Gold in American Vaults.

[johnb]

Forgot the part where our foreign policy is driven by our desire to keep the USD as the world standard and has committed human rights violations for this purpose alone.

[MILE]

holy shit, how do you have less than 1k subs? your vids are amazing

[Cadrieldur]

If this was posted in a famous channel. It would've had +10k likes.

[jsem]

Dude keep making videos, they're great!

[jackhoran]

Temple debt was used as money about 2000 years before gold

[martinhachler]

For starters, the world did not abandon the gold standard, that was the sole desicion of the US Nicon Government.The world did not agree on it, nor where they consulted.

[mdavidson]

At Fort knox, they opened ONLY ONE of the proof of anything

[patrickhenry]

Short answer, money printer go
Long answer, money printer go and

[evansmoak]

Awesome video. It would be nice to see an update after 4 years of Biden and BRICS.

[darwinronquillo]

Why is gold being issue of the bretton wood system?



What causes the bretton wood systems to collapsed?

[iyamwhite]

I loved Bretton Woods, he said "oogum boogum oogum hurry up and shave your stuff now..yeah..well i said oogum boogum oogum boogum, , hurry up and shave your thing girl..yeah". I also liked "Think you got your fools mixed up".

[jennystamm]

This video is missing some key wonder why....