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Gold Standard
Essay specific features


Written by:
Karen G
Date added:
August 2, 2014
Level:
University
Grade:
A
No of pages / words:
17 / 4674
Was viewed:
2626 times
Rating of current essay:
Essay content:
That's why we see trillion dollar deficits today. Politicians can spend what they want regardless of the real economic downfalls that eventually have to be dealt with. Nowadays, on a side note, our US debt is fianced by foreign governments such as the Chinese and others.
This means most of debt the US government owns is owed to foreign investers...
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Economists will have one answer, politicians will have another.
The phrase “gold standard” is defined as the use of gold as the standard value for the money of a country. If a country will redeem any of its money in gold it is said to be using the gold standard. The U.S. and many other Western countries adhered to the gold standard during the early 1900’s...
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