{"id":5876,"date":"2023-02-27T00:45:42","date_gmt":"2023-02-27T00:45:42","guid":{"rendered":"https:\/\/bitcoinfoundations.org\/?page_id=5876"},"modified":"2024-08-08T17:39:40","modified_gmt":"2024-08-08T17:39:40","slug":"the-gold-standard","status":"publish","type":"page","link":"https:\/\/bitcoinfoundations.org\/?page_id=5876","title":{"rendered":"The Gold Standard"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"5876\" class=\"elementor elementor-5876\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8ubkabp elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8ubkabp\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fc33e9d\" data-id=\"fc33e9d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0277a21 elementor-widget elementor-widget-heading\" data-id=\"0277a21\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Part Two<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66c4eb3 elementor-widget elementor-widget-heading\" data-id=\"66c4eb3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">the Gold Standard<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5812487 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5812487\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-615e54b elementor-widget elementor-widget-text-editor\" data-id=\"615e54b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Gold Standard was the foundation of the world&#8217;s financial system. The gradual, then sudden, departure from it was led by the rapidly changing geopolitical landscape. Learn how global conflict led to the end of the Gold Standard and how the events that followed ushered a new era of monetary policy.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87154f7 elementor-align-left elementor-mobile-align-center elementor-tablet-align-center elementor-widget elementor-widget-button\" data-id=\"87154f7\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"http:\/\/bitcoinfoundations.org\/?p=5871\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Lets Begin<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3655b8e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3655b8e\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-355e45f\" data-id=\"355e45f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0cbecb8 elementor-widget elementor-widget-ucaddon_unlimited_timeline\" data-id=\"0cbecb8\" data-element_type=\"widget\" data-widget_type=\"ucaddon_unlimited_timeline.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<!-- start Unlimited Timeline -->\n\t\t<link id='font-awesome-css' href='https:\/\/bitcoinfoundations.org\/wp-content\/plugins\/unlimited-elements-for-elementor\/assets_libraries\/font-awesome6\/fontawesome-all.min.css' type='text\/css' rel='stylesheet' >\n\t\t<link id='font-awesome-4-shim-css' href='https:\/\/bitcoinfoundations.org\/wp-content\/plugins\/unlimited-elements-for-elementor\/assets_libraries\/font-awesome6\/fontawesome-v4-shims.min.css' type='text\/css' rel='stylesheet' >\n\n<style>\/* widget: Unlimited Timeline *\/\n\n\r\n@keyframes uc_unlimited_timeline_elementor_0cbecb8__item-animation {\r\n  0% {\r\n            transform: translateY(100px);\r\n        \t\r\n    \t    opacity: 0;\r\n  }\r\n  100% {\r\n            transform: translateY(0px);\r\n        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   <div class=\"ue_timeline_item_content\">\n      <div class=\"ue_timeline_item_content_main\">\n                <div class=\"ue_timeline_item_content_inside\">\n                <div class=\"ue_timeline_item_title\" >1914: The Great War<\/div>                <div class=\"ue_timeline_item_text\"><p><a title=\"2.1 WWI and the Gold Standard: The Beginning of the End\" href=\"https:\/\/bitcoinfoundations.org\/?p=5871\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-small wp-image-5960\" src=\"http:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/02\/rukiegamer_a_national_geographic_style_photo_of_WWI_9e3d889b-84a2-4c36-a92f-1112c30c86a5-300x200.png\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/02\/rukiegamer_a_national_geographic_style_photo_of_WWI_9e3d889b-84a2-4c36-a92f-1112c30c86a5-300x200.png 300w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/02\/rukiegamer_a_national_geographic_style_photo_of_WWI_9e3d889b-84a2-4c36-a92f-1112c30c86a5-1024x683.png 1024w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/02\/rukiegamer_a_national_geographic_style_photo_of_WWI_9e3d889b-84a2-4c36-a92f-1112c30c86a5-768x512.png 768w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/02\/rukiegamer_a_national_geographic_style_photo_of_WWI_9e3d889b-84a2-4c36-a92f-1112c30c86a5-1536x1024.png 1536w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/02\/rukiegamer_a_national_geographic_style_photo_of_WWI_9e3d889b-84a2-4c36-a92f-1112c30c86a5-2048x1365.png 2048w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p><p>How WWI Initiated a String of Events that Tilted Global Economic Power<\/p><\/div>\t\n      \t        <\/div>\n      <\/div>\n      \n            <div class=\"ue_timeline_item_pointer\">\n        <div class=\"ue_timeline_item_pointer_inside\">\n        <\/div>\n      <\/div>\n            \n      <div class=\"ue_timeline_item_pointer_spacer\"><\/div>\n    <\/div>\n    <div class=\"ue_timeline_item_icon\">\n      <div class=\"ue_timeline_item_icon_line_offset\">\n      \t<div class=\"ue_timeline_item_icon_line_offset_mask\"><\/div>\n      <\/div>\n      <div class=\"ue_timeline_item_icon_holder\">\n        <i class='fas fa-bomb'><\/i>                      <\/div>\n      <div class=\"ue_timeline_item_icon_line\">\n      \t<div class=\"ue_timeline_item_icon_line_mask\"><\/div>\n      <\/div>\n    <\/div>\n    <div class=\"ue_timeline_item_spacer\"><\/div>\n  <\/div>\n<div class=\"ue_timeline_item elementor-repeater-item-08eb955\" id=\"uc_unlimited_timeline_elementor_0cbecb8_item2\">\n    <div class=\"ue_timeline_item_content\">\n      <div class=\"ue_timeline_item_content_main\">\n                <div class=\"ue_timeline_item_content_inside\">\n                <div class=\"ue_timeline_item_title\" >Post WWI: The Economic Fallout<\/div>                <div class=\"ue_timeline_item_text\"><p><a href=\"http:\/\/bitcoinfoundations.org\/?p=5993\"><img decoding=\"async\" class=\"alignnone size-medium wp-image-6084\" src=\"http:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_A_banker_writing_the_word_gold_on_a_piece_of_paper_i_1c40d10d-65c9-4c05-834c-338498bf1973-2-300x200.png\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_A_banker_writing_the_word_gold_on_a_piece_of_paper_i_1c40d10d-65c9-4c05-834c-338498bf1973-2-300x200.png 300w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_A_banker_writing_the_word_gold_on_a_piece_of_paper_i_1c40d10d-65c9-4c05-834c-338498bf1973-2-1024x683.png 1024w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_A_banker_writing_the_word_gold_on_a_piece_of_paper_i_1c40d10d-65c9-4c05-834c-338498bf1973-2-768x512.png 768w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_A_banker_writing_the_word_gold_on_a_piece_of_paper_i_1c40d10d-65c9-4c05-834c-338498bf1973-2-1536x1024.png 1536w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_A_banker_writing_the_word_gold_on_a_piece_of_paper_i_1c40d10d-65c9-4c05-834c-338498bf1973-2-2048x1365.png 2048w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><br \/>The Aftermath of WWI and the Economic Factors that Influenced Events Leading Up to WWII<\/p><\/div>\t\n      \t        <\/div>\n      <\/div>\n      \n            <div class=\"ue_timeline_item_pointer\">\n        <div class=\"ue_timeline_item_pointer_inside\">\n        <\/div>\n      <\/div>\n            \n      <div class=\"ue_timeline_item_pointer_spacer\"><\/div>\n    <\/div>\n    <div class=\"ue_timeline_item_icon\">\n      <div class=\"ue_timeline_item_icon_line_offset\">\n      \t<div class=\"ue_timeline_item_icon_line_offset_mask\"><\/div>\n      <\/div>\n      <div class=\"ue_timeline_item_icon_holder\">\n        <i class='fas fa-balance-scale-left'><\/i>                      <\/div>\n      <div class=\"ue_timeline_item_icon_line\">\n      \t<div class=\"ue_timeline_item_icon_line_mask\"><\/div>\n      <\/div>\n    <\/div>\n    <div class=\"ue_timeline_item_spacer\"><\/div>\n  <\/div>\n<div class=\"ue_timeline_item elementor-repeater-item-71cc8f9\" id=\"uc_unlimited_timeline_elementor_0cbecb8_item3\">\n    <div class=\"ue_timeline_item_content\">\n      <div class=\"ue_timeline_item_content_main\">\n                <div class=\"ue_timeline_item_content_inside\">\n                <div class=\"ue_timeline_item_title\" >Post WWII<\/div>                <div class=\"ue_timeline_item_text\"><p><a title=\"2.3 The Bretton Woods System and the Rise of the US Dollar\" href=\"https:\/\/bitcoinfoundations.org\/?p=6274\"><img decoding=\"async\" class=\"alignnone size-medium wp-image-6330\" src=\"http:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_The_rise_of_US_Dominance_and_the_US_Dollar_post_Worl_e51b9cc4-4eb2-4fae-a3ad-07cc0b67e1a9-300x200.png\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_The_rise_of_US_Dominance_and_the_US_Dollar_post_Worl_e51b9cc4-4eb2-4fae-a3ad-07cc0b67e1a9-300x200.png 300w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_The_rise_of_US_Dominance_and_the_US_Dollar_post_Worl_e51b9cc4-4eb2-4fae-a3ad-07cc0b67e1a9-1024x683.png 1024w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_The_rise_of_US_Dominance_and_the_US_Dollar_post_Worl_e51b9cc4-4eb2-4fae-a3ad-07cc0b67e1a9-768x512.png 768w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_The_rise_of_US_Dominance_and_the_US_Dollar_post_Worl_e51b9cc4-4eb2-4fae-a3ad-07cc0b67e1a9.png 1536w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p><p>The Bretton Woods System and the Rise of the US Dollar<\/p><\/div>\t\n      \t        <\/div>\n      <\/div>\n      \n            <div class=\"ue_timeline_item_pointer\">\n        <div class=\"ue_timeline_item_pointer_inside\">\n        <\/div>\n      <\/div>\n            \n      <div class=\"ue_timeline_item_pointer_spacer\"><\/div>\n    <\/div>\n    <div class=\"ue_timeline_item_icon\">\n      <div class=\"ue_timeline_item_icon_line_offset\">\n      \t<div class=\"ue_timeline_item_icon_line_offset_mask\"><\/div>\n      <\/div>\n      <div class=\"ue_timeline_item_icon_holder\">\n        <i class='fas fa-dollar-sign'><\/i>                      <\/div>\n      <div class=\"ue_timeline_item_icon_line\">\n      \t<div class=\"ue_timeline_item_icon_line_mask\"><\/div>\n      <\/div>\n    <\/div>\n    <div class=\"ue_timeline_item_spacer\"><\/div>\n  <\/div>\n<div class=\"ue_timeline_item elementor-repeater-item-3b1781f\" id=\"uc_unlimited_timeline_elementor_0cbecb8_item4\">\n    <div class=\"ue_timeline_item_content\">\n      <div class=\"ue_timeline_item_content_main\">\n                <div class=\"ue_timeline_item_content_inside\">\n                <div class=\"ue_timeline_item_title\" >Nixon Shock<\/div>                <div class=\"ue_timeline_item_text\"><p><a title=\"2.4 Nixon Shock: The Death of the Gold Standard\" href=\"https:\/\/bitcoinfoundations.org\/?p=6370\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-6412\" src=\"http:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_This_image_501831cc-55a9-4e55-aec7-488e22f2934a-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_This_image_501831cc-55a9-4e55-aec7-488e22f2934a-300x200.jpg 300w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_This_image_501831cc-55a9-4e55-aec7-488e22f2934a-1024x683.jpg 1024w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_This_image_501831cc-55a9-4e55-aec7-488e22f2934a-768x512.jpg 768w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_This_image_501831cc-55a9-4e55-aec7-488e22f2934a-1536x1024.jpg 1536w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_This_image_501831cc-55a9-4e55-aec7-488e22f2934a.jpg 2048w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p><p>The Death of the Gold Standard<\/p><\/div>\t\n      \t        <\/div>\n      <\/div>\n      \n            <div class=\"ue_timeline_item_pointer\">\n        <div class=\"ue_timeline_item_pointer_inside\">\n        <\/div>\n      <\/div>\n            \n      <div class=\"ue_timeline_item_pointer_spacer\"><\/div>\n    <\/div>\n    <div class=\"ue_timeline_item_icon\">\n      <div class=\"ue_timeline_item_icon_line_offset\">\n      \t<div class=\"ue_timeline_item_icon_line_offset_mask\"><\/div>\n      <\/div>\n      <div class=\"ue_timeline_item_icon_holder\">\n        <i class='fas fa-unlink'><\/i>                      <\/div>\n      <div class=\"ue_timeline_item_icon_line\">\n      \t<div class=\"ue_timeline_item_icon_line_mask\"><\/div>\n      <\/div>\n    <\/div>\n    <div class=\"ue_timeline_item_spacer\"><\/div>\n  <\/div>\n<div class=\"ue_timeline_item elementor-repeater-item-ec44ba8\" id=\"uc_unlimited_timeline_elementor_0cbecb8_item5\">\n    <div class=\"ue_timeline_item_content\">\n      <div class=\"ue_timeline_item_content_main\">\n                <div class=\"ue_timeline_item_content_inside\">\n                <div class=\"ue_timeline_item_title\" >The Rise of the Petrodollar<\/div>                <div class=\"ue_timeline_item_text\"><p><a title=\"2.5 The Petrodollar: Fuelling US Spending\" href=\"https:\/\/bitcoinfoundations.org\/?p=6572\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-6603\" src=\"http:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_in_the_setting_of_the_Iraq_war_at_night_the_city_in__61291882-8b4f-4ac6-96b5-bf785bbe8dd1-300x200.png\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_in_the_setting_of_the_Iraq_war_at_night_the_city_in__61291882-8b4f-4ac6-96b5-bf785bbe8dd1-300x200.png 300w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_in_the_setting_of_the_Iraq_war_at_night_the_city_in__61291882-8b4f-4ac6-96b5-bf785bbe8dd1-1024x683.png 1024w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_in_the_setting_of_the_Iraq_war_at_night_the_city_in__61291882-8b4f-4ac6-96b5-bf785bbe8dd1-768x512.png 768w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/03\/rukiegamer_in_the_setting_of_the_Iraq_war_at_night_the_city_in__61291882-8b4f-4ac6-96b5-bf785bbe8dd1.png 1536w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p><p>The beginning of a debt based economy<\/p><\/div>\t\n      \t        <\/div>\n      <\/div>\n      \n            <div class=\"ue_timeline_item_pointer\">\n        <div class=\"ue_timeline_item_pointer_inside\">\n        <\/div>\n      <\/div>\n            \n      <div class=\"ue_timeline_item_pointer_spacer\"><\/div>\n    <\/div>\n    <div class=\"ue_timeline_item_icon\">\n      <div class=\"ue_timeline_item_icon_line_offset\">\n      \t<div class=\"ue_timeline_item_icon_line_offset_mask\"><\/div>\n      <\/div>\n      <div class=\"ue_timeline_item_icon_holder\">\n        <i class='fas fa-oil-can'><\/i>                      <\/div>\n      <div class=\"ue_timeline_item_icon_line\">\n      \t<div class=\"ue_timeline_item_icon_line_mask\"><\/div>\n      <\/div>\n    <\/div>\n    <div class=\"ue_timeline_item_spacer\"><\/div>\n  <\/div>\n<div class=\"ue_timeline_item elementor-repeater-item-c4a589c\" id=\"uc_unlimited_timeline_elementor_0cbecb8_item6\">\n    <div class=\"ue_timeline_item_content\">\n      <div class=\"ue_timeline_item_content_main\">\n                <div class=\"ue_timeline_item_content_inside\">\n                <div class=\"ue_timeline_item_title\" >2008 Global Financial Crisis<\/div>                <div class=\"ue_timeline_item_text\"><p><a title=\"2.6 From GFC Lessons to a Bitcoin Alternative: Reinventing Global Finance\" href=\"https:\/\/bitcoinfoundations.org\/?p=6643\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-6690\" src=\"http:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/04\/rukiegamer_wall_street_burning_from_oil_in_2008_as_a_representa_2a48a311-1496-40f5-b3f1-68601e58e85a-300x200.png\" alt=\"An illustration of Wall Street on fire, with dark smoke rising up, representing the financial crisis of 2008.\" width=\"300\" height=\"200\" srcset=\"https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/04\/rukiegamer_wall_street_burning_from_oil_in_2008_as_a_representa_2a48a311-1496-40f5-b3f1-68601e58e85a-300x200.png 300w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/04\/rukiegamer_wall_street_burning_from_oil_in_2008_as_a_representa_2a48a311-1496-40f5-b3f1-68601e58e85a-1024x683.png 1024w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/04\/rukiegamer_wall_street_burning_from_oil_in_2008_as_a_representa_2a48a311-1496-40f5-b3f1-68601e58e85a-768x512.png 768w, https:\/\/bitcoinfoundations.org\/wp-content\/uploads\/2023\/04\/rukiegamer_wall_street_burning_from_oil_in_2008_as_a_representa_2a48a311-1496-40f5-b3f1-68601e58e85a.png 1536w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p><p>The Global Financial Crisis: Symptoms of a debt based economy and Bitcoin, an engineered alternative.<\/p><\/div>\t\n      \t        <\/div>\n      <\/div>\n      \n            <div class=\"ue_timeline_item_pointer\">\n        <div class=\"ue_timeline_item_pointer_inside\">\n        <\/div>\n      <\/div>\n            \n      <div class=\"ue_timeline_item_pointer_spacer\"><\/div>\n    <\/div>\n    <div class=\"ue_timeline_item_icon\">\n      <div class=\"ue_timeline_item_icon_line_offset\">\n      \t<div class=\"ue_timeline_item_icon_line_offset_mask\"><\/div>\n      <\/div>\n      <div class=\"ue_timeline_item_icon_holder\">\n        <i class='fas fa-arrow-down'><\/i>                      <\/div>\n      <div class=\"ue_timeline_item_icon_line\">\n      \t<div class=\"ue_timeline_item_icon_line_mask\"><\/div>\n      <\/div>\n    <\/div>\n    <div class=\"ue_timeline_item_spacer\"><\/div>\n  <\/div>\n \n<\/div>\n<!-- end Unlimited Timeline -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Part Two the Gold Standard The Gold Standard was the foundation of the world&#8217;s financial system. The gradual, then sudden, departure from it was led by the rapidly changing geopolitical landscape. Learn how global conflict led to the end of the Gold Standard and how the events that followed ushered a new era of monetary &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/bitcoinfoundations.org\/?page_id=5876\"> <span class=\"screen-reader-text\">The Gold Standard<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","two_page_speed":{"current_score":{"desktop_score":99,"desktop_tti":"0.6\u00a0","mobile_score":89,"mobile_tti":"2.3\u00a0","date":"08.08.2024 05:40:07 pm","status":"completed"}},"footnotes":""},"aioseo_notices":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"tenweb_optimizer_mobile":false,"tenweb_optimizer_tablet":false},"uagb_author_info":{"display_name":"Ruki","author_link":"https:\/\/bitcoinfoundations.org\/?author=1"},"uagb_comment_info":0,"uagb_excerpt":"Part Two the Gold Standard The Gold Standard was the foundation of the world&#8217;s financial system. The gradual, then sudden, departure from it was led by the rapidly changing geopolitical landscape. Learn how global conflict led to the end of the Gold Standard and how the events that followed ushered a new era of monetary&hellip;","_links":{"self":[{"href":"https:\/\/bitcoinfoundations.org\/index.php?rest_route=\/wp\/v2\/pages\/5876"}],"collection":[{"href":"https:\/\/bitcoinfoundations.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bitcoinfoundations.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinfoundations.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinfoundations.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5876"}],"version-history":[{"count":92,"href":"https:\/\/bitcoinfoundations.org\/index.php?rest_route=\/wp\/v2\/pages\/5876\/revisions"}],"predecessor-version":[{"id":7462,"href":"https:\/\/bitcoinfoundations.org\/index.php?rest_route=\/wp\/v2\/pages\/5876\/revisions\/7462"}],"wp:attachment":[{"href":"https:\/\/bitcoinfoundations.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}