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Was Dropping The Gold Standard A Mistake? | Economics Explained
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Business
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7th - 12th Grade
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The video explores the history and implications of the gold standard, focusing on its introduction, challenges, and eventual abandonment. It discusses the Bretton Woods system, the pros and cons of the gold standard, and its impact on economic growth and stability. The video also examines the reasons behind high inflation in the 1970s and 80s and the feasibility of returning to a gold-backed currency.
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