Here is the synopsis of our sample research paper on RE-ADOPTING THE GOLD STANDARD: CANADA AND UNITED STATES. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 4-page paper discusses the advantages and disadvantages of a gold-backed currency. Bibliography lists 4 sources.
Page Count:
4 pages (~225 words per page)
File: AS43_MTgoldstan.rtf
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Unformatted sample text from the term paper:
the specific amount of gold a country owns (Amadeo). Under a gold standard, anyone having a particular countrys currency would allow that person to present currency to the government and,
in turn, receive an agreed-upon value (also known as "par value") from the countrys gold reserves (Amadeo). In 1933, the United States went
off the gold standard. Meanwhile, Canada, which had been off and on the gold standard since the Canadian dollar became the officially currency in 1858, cut its ties with gold
in 1929 (Wilkinson, 2010). In 1971, the Bretton Woods system, which allowed governments to sell their gold to the U.S. treasury at a price of $35 an ounce, came
to an end (Moffatt). These days, we use fiat money, in other words, a system of currency that is used only as a medium of exchange, which has a value
determined through supply and demand of currency (Moffatt). Now some experts and economists are advocating a return to the gold standard. There
are many reasons for their thinking, one of which is that a gold standard means a countrys currency is backed by a specific, fixed asset (Amadeo). Basically, a gold-backed currency
means less likelihood of inflation, as the government can only print as much money as the country has in gold (Amadeo). In addition to discouraging inflation, a gold-backed currency means
that there would be fewer government budget deficits, as such deficits couldnt exceed the supply of gold available (Amadeo). More productive nations are
also rewarded. As they export and sell more goods, they obtain more gold, which means more money can be printed and invested (Amadeo).
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