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MONEY120: Monetary History

The history of money and how it has changed over time. The different forms of money that have been used throughout the world and how they have influenced the economy. We will also discuss the role of central banks.

The Accidental Emergence of the Gold Standard
MONEY120: Monetary History

The Accidental Emergence of the Gold Standard

The debate over the merits of bimetallism and gold monometallism is ongoing, and it is clear that many economists hold a conventional view that must be reevaluated.
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Indigo
Bimetallism's Last Stand: How Political and Historical Factors Shifted the Balance to Gold
MONEY120: Monetary History

Bimetallism's Last Stand: How Political and Historical Factors Shifted the Balance to Gold

The conventional view that the gold standard emerged out of the contradictions of bimetallism is not persuasive. Instead, this article claims that bimetallism might have survived and provides an alternative explanation for the gold standard's emergence.
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Indigo
Milton Friedman's Argument Against The Gold Standard: Bimetallism Revisited
MONEY120: Monetary History

Milton Friedman's Argument Against The Gold Standard: Bimetallism Revisited

Milton Friedman's research on US monetary history during the 19th century challenges the conventional view of bimetallism versus gold monometallism, arguing that the superiority of monometallism is dubious. This paper explores the implications of Friedman's findings and challenges the status quo.
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Indigo
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