For a period of about 200 years and really intensely for less than 50 years,

the world's monetary system functioned on a gold standard.

During the gold standard, the world basically functioned for the very first time

under a single global currency.

Economists have been debating about the merits of that system ever since.

Learn more about the gold standard, how it started and how it ended on this episode of

everything everywhere daily. how it ended on this episode of Everything Everywhere Daily. With Lloyd's bank ready-made investments you choose a risk level that feels right for you

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Not that long ago I did an episode on the history of money and mentioned that it was just the first in a series of

episodes I was going to do on monetary history. This is the second episode in

that series. If you remember back to my episode in the history of money I

mentioned that gold and silver had been used

as money almost something we could point to as money existed.

So you might be thinking, didn't the gold standard start thousands of years ago?

And the answer to that is no. Almost everywhere you could

find gold as a medium of exchange you also found silver and other metals as well.

This ancient

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