The Rise and Fall of the Gold Standard in the United States
The Rise and Fall of the Gold Standard in the United States reviews the history of the gold standard in the United States. It explains both how that standard came into being despite having been neither formally provided for nor informally established at the nation’s inception, and how it eventually came to an end. It concludes that the conditions that led to the gold standard’s original establishment and its successful performance are unlikely to be replicated in the future.
This is also known as the Policy Analysis 729 and Cato Policy Analysis.
It discusses the technicalities regarding various central bank operations, or operations of free banking systems.
This brief review of the history of the gold standard in the U.S. explains both how the standard came into being, despite not having been present at the country’s inception, and of how it eventually came to an end.