Gold standard - Wikipedia
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The original was posted on /r/todayilearned by /u/ArunPrasadK on 2024-04-21 17:47:33.

Original Title: TIL Great Britain accidentally adopted a de facto gold standard in 1717 when Sir Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation.

  • mannycalavera
    4·
    7 months ago

    You’d think he’d be able to… differentiate… between the two.

    I’ll see myself out.