Practice question · Put in order
Order the gold standard's lifecycle.
- Most major economies on gold by 1880s
- Britain adopts gold officially (1821)
- Brief interwar restoration and collapse (1920s-1930s)
- Peak first globalisation (1900-1913)
- WWI suspends convertibility (1914)
Hints
- Adoption preceded expansion, which preceded the peak.
- The war interrupted it, and the revival afterwards failed.
Show the answer
- Britain adopts gold officially (1821)
- Most major economies on gold by 1880s
- Peak first globalisation (1900-1913)
- WWI suspends convertibility (1914)
- Brief interwar restoration and collapse (1920s-1930s)
Why
Adoption, expansion, peak, war suspension, failed revival, the gold standard's arc mirrors the first globalisation's.
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