Financial Literacy: A Brief Summary of the Last 150 Years of Monetary History

Sage Education FoundationAugust 10, 2025August 10, 2025Financial literacy

Pre-1873: gold & silver
Classical Gold Standard (1873-1913)
World War I: suspension of gold redemption rights
Gold Exchange Standard (1918-1939) Interwar Period
World War II: US became the world’s main economic power
Bretton Woods System (1944-1971)
Dollar Standard: Fiat Current (1971-present)
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