| Revision as of 20:50, 21 August 2022 editFresheneesz (talk | contribs)Extended confirmed users9,056 edits →Reversion of my edit about disagreements with the view that the gold standard caused the great depression: new sectionTag: New topic← Previous edit |
Latest revision as of 17:57, 10 October 2024 edit undoWordnerd104 (talk | contribs)Extended confirmed users555 edits Update ENG 21011 Research Writing assignment detailsTag: dashboard.wikiedu.org [2.3] |
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==Wiki Education Foundation-supported course assignment== |
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] This article was the subject of a Wiki Education Foundation-supported course assignment, between <span class="mw-formatted-date" title="2019-01-14">14 January 2019</span> and <span class="mw-formatted-date" title="2019-03-10">10 March 2019</span>. Further details are available ]. Student editor(s): ]. |
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{{small|Above undated message substituted from ] by ] (]) 22:31, 16 January 2022 (UTC)}} |
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== Dates of adoption of a gold standard == |
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== Dates of adoption of a gold standard == |
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*1717: ] 'de facto' following Isaac Newton's revision of the mint ratio, at 21 shillings to a guinea of 129.438 grains (8.38 g), 22 ] crown gold.<ref>{{Cite book|first=Charles P. |last=Kindleberger |authorlink=Charles P. Kindleberger |title=A financial history of western Europe |publisher=Oxford University Press |location=Oxford |year=1993 |pages= |isbn=0-19-507738-5 |oclc=26258644}}</ref><ref>Newton, Isaac, .</ref><ref>"The Gold Standard in Theory and History", BJ Eichengreen & M Flandreau </ref> |
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*1717: ] 'de facto' following Isaac Newton's revision of the mint ratio, at 21 shillings to a guinea of 129.438 grains (8.38 g), 22 ] crown gold.<ref>{{Cite book|first=Charles P. |last=Kindleberger |authorlink=Charles P. Kindleberger |title=A financial history of western Europe |publisher=Oxford University Press |location=Oxford |year=1993 |pages= |isbn=0-19-507738-5 |oclc=26258644}}</ref><ref>Newton, Isaac, .</ref><ref>"The Gold Standard in Theory and History", BJ Eichengreen & M Flandreau </ref> |
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Based on ], I gather that since 1800, France has been on the gold standard, using a bimetallic standard where silver was used for small change. Even timeline in the discussion fails to note that. Similarly, the ] page indicates that Spain has been using a fixed gold equivalent for its currency since 1566, when the value of silver was also fixed. Can anyone improve the article, so that a reader could understand how did Newton's bimetallism innovated beyond the Spanish bimetallism, and why was the British pound more of a gold standard than the gold napoleons? As is, it seems the article was written with a British POV. |
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Based on ], I gather that since 1800, France has been on the gold standard, using a bimetallic standard where silver was used for small change. Even timeline in the discussion fails to note that. Similarly, the ] page indicates that Spain has been using a fixed gold equivalent for its currency since 1566, when the value of silver was also fixed. Can anyone improve the article, so that a reader could understand how did Newton's bimetallism innovated beyond the Spanish bimetallism, and why was the British pound more of a gold standard than the gold napoleons? As is, it seems the article was written with a British POV. |
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== Reignition of Gold Standard == |
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== Semi-protected edit request on 13 March 2020 == |
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Hello! I don't see any mention in this article about current advocate of the gold standard Keith Weiner and his company Monetary Metals which pays a yield on gold, paid in gold, in an attempt to give individuals and institutions a way to start their own personal gold standard. Should this be noted on this page as the most recent attempt by a private company to restart a gold based ecosystem? The first Gold Bond in 87 years would be noteworthy for this page I would think? ] (]) 22:10, 25 January 2023 (UTC) |
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{{edit semi-protected|Gold standard|answered=yes}} |
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Misplaced Pages writes" In a 2012 survey of leading economists, they unanimously opined that a return to the gold standard would not benefit the average American." |
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== Semi-protected edit request on 12 July 2023 == |
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This is subjective and does not add to the article. e.g. There are schools of thought and 'leading economists' that believe the gold standard would stabilize prices and help 'the average American". |
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Terms like "leading economists" "Opined" Average American" are all terms of subjective language not objective writing. |
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The poll was almost a decade ago and done subjectively by the NYT. This was not a peer-reviewed poll and a detailed study. |
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I am getting a Ph.D. in Monetary Economics and to start an article like this is not responsible for writing unless you are trying to convey a political message. ] (]) 12:15, 13 March 2020 (UTC) |
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:] '''Not done:''' it's not clear what changes you want to be made. Please mention the specific changes in a "change X to Y" format and provide a ] if appropriate.<!-- Template:ESp --> ] (]) 14:33, 15 March 2020 (UTC) |
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::How about removing the word "leading"? --] (]) 20:57, 29 April 2021 (UTC) |
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:::The sentence has already been changed. ] (]) 03:01, 30 April 2021 (UTC) |
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== Semi-protected edit request on 30 July 2021 == |
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{{edit semi-protected|Gold standard|answered=yes}} |
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{{edit semi-protected|Gold standard|answered=yes}} |
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Minor edit (grammar), under section Great Depression, change "... Central European banking crisis led Germany and Austria suspend gold convertibility and impose exchange controls." |
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Change 2021 to 1933 in "Upon taking office in March 2021, U.S. President Franklin D. Roosevelt departed from the gold standard." ] (]) 17:59, 30 July 2021 (UTC) |
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:] '''Already done'''<!-- Template:ESp --> Looks like that's taken care of. ] (]) 18:20, 30 July 2021 (UTC) |
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"... Central European banking crisis led Germany and Austria to suspend gold convertibility and impose exchange controls." ] (]) 18:09, 12 July 2023 (UTC) |
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:{{done}}<!-- Template:ESp --> - <span style="font-family:Trebuchet MS">] <small>(])</small></span> 18:27, 12 July 2023 (UTC) |
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== Advantages and Disadvantages == |
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Within the advantages section there is this mention: ''Long-term price stability has been described as one of the virtues of the gold standard, but historical data shows that the magnitude of short run swings in prices were far higher under the gold standard.'' |
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This seems to be like a disadvantage. Plus it seems to already be mentioned as a disadvantage where it says: |
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''Although the gold standard brings long-run price stability, it is historically associated with high short-run price volatility.'' |
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I would recommend simply changing the phrase under advantages to say: |
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''"Long-term price stability has been described as one of the virtues of the gold standard"'' |
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This phrase then naturally leads into the counter argument found within the disadvantage section. |
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As an overall recommendation for this article, the statements within the aforementioned sections seem highly subjective. To me, some of the disadvantages actually seemed like advantages lol. I would recommend making sure that each of these cited sources are clearly indicating an advantage or a disadvantage to the gold standard, and maybe even quoting the source or indicating whose opinion we are actually spouting. |
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In the lead it mentions: ''There is a consensus among economists that a return to the gold standard would not be beneficial, and most economic historians reject the idea that the gold standard "was effective in stabilizing prices and moderating business-cycle fluctuations during the nineteenth century.'' |
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Well, that's quite one sided, isn't it? No mention of the supporters? There are clearly other schools of thought that support the gold standard that are quite significant, as the article clearly brings out. Why no mention of them? As a kindly reminder see ] and ]. |
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] (]) 04:10, 2 April 2022 (UTC) |
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Return to gold standard |
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Apparently in May 2022 Russia tied the Ruble to gold. This was covered by Forbes magazine at https://www.forbes.com/sites/zengernews/2022/05/02/russias-move-to-gold-may-jolt-your-company/?sh=3fbdc7fb72e6 |
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Other countries are supposedly also considering a similar move. |
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Perhaps someone knowledgeable on the topic could address these recent updates? <!-- Template:Unsigned --><span class="autosigned" style="font-size:85%;">— Preceding ] comment added by ] (] • ]) 18:56, 9 June 2022 (UTC)</span> <!--Autosigned by SineBot--> |
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== Reversion of my edit about disagreements with the view that the gold standard caused the great depression == |
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User Thenightaway with the note: |
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==Wiki Education assignment: ENG 21011 Research Writing== |
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> does not relate to the consensus view about the role of the gold standard |
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{{dashboard.wikiedu.org assignment | course = Misplaced Pages:Wiki_Ed/Kent_State_University/ENG_21011_Research_Writing_(Fall_2024) | assignments = ], ] | reviewers = ], ], ], ] | start_date = 2024-08-21 | end_date = 2024-12-08 }} |
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<span class="wikied-assignment" style="font-size:85%;">— Assignment last updated by ] (]) 17:57, 10 October 2024 (UTC)</span> |
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This is nonsensical. There is no reason my edit needs to relate to the consensus view. The purpose is to make it clear that it isn't a unanimous view. I have added multiple sources for this. Don't just delete things on wikipedia because you don't agree with it. ] (]) 20:50, 21 August 2022 (UTC) |
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Hello! I don't see any mention in this article about current advocate of the gold standard Keith Weiner and his company Monetary Metals which pays a yield on gold, paid in gold, in an attempt to give individuals and institutions a way to start their own personal gold standard. Should this be noted on this page as the most recent attempt by a private company to restart a gold based ecosystem? The first Gold Bond in 87 years would be noteworthy for this page I would think? Gold good (talk) 22:10, 25 January 2023 (UTC)
Minor edit (grammar), under section Great Depression, change "... Central European banking crisis led Germany and Austria suspend gold convertibility and impose exchange controls."
to
"... Central European banking crisis led Germany and Austria to suspend gold convertibility and impose exchange controls." Anodeunheard (talk) 18:09, 12 July 2023 (UTC)
level-5 vital article is rated C-class on Misplaced Pages's content assessment scale.
Done - 
This article was the subject of a Wiki Education Foundation-supported course assignment, between 21 August 2024 and 8 December 2024. Further details are available on the course page. Student editor(s): Msadid, Jgerson2 (article contribs). Peer reviewers: Natalie.Swisher, Ema0303, ARisher, AnnaLoychik12.