Questions tagged [gold-standard]

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Primary difference between FDR and Nixon for de-linking gold with dollar?

I'm unable to understand the different role that both FDR and Nixon, played in de-linking gold with dollar. I do understand that after Nixon, value of dollar is not linked to amount of gold (No ...
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Questions about the gold standard and exchange rates

So I'm a total economics noob and I'm trying to understand some of the consequences of using vs. not using a gold standard listed on Brad DeLong's blog here: https://www.bradford-delong.com/why-not-...
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Under the gold standard, how did the redemption of gold work in practice?

For example, in the US: In 1834, the United States fixed the price of gold at $20.67 per ounce, where it remained until 1933. (EconLib) Does this mean that anyone with US\$20.67 could walk up to ...