classical gold standard in brief
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Ndissonid Akdc ^tilcirc ol ErobfNdissonid Akdc ^tilcirc os i fkrboal bxnhilab rbao`b whbrbey binh litoklid nurrblny (thb
ckddir, pkulc, friln, btn.) wis `brbdy i li`b fkr i nbrtiol cbfolotb wboaht kf akdc. Shb "ckddir,"
fkr bxi`pdb, wis cbfolbc is 9/5= kf i akdc kulnb, thb pkulc stbrdola is sdoahtdy dbss thil 9/3 kf i
akdc kulnb, ilc sk kl.
Kffonoiddy, thb Rlotbc ^titbs ebail woth i eo`btiddon stilcirc ol whonh ekth akdc ilc sodvbr wbrb
usbc tk cbfolb thb `klbtiry ulot. Innkrcola tk thb forst nkoliab int thb ritok kf sodvbr tk akdc ol
i aovbl cblk`olitokl ol i nkol wis 92 tk 9. ^kkl thb `irjbt pronb ritok kf sodvbr tk akdc `kvbc
tk irkulc 92 tk 9 `ijola sodvbr nhbipbr `btid. ^k akdc wis usbc fkr purnhisbs ierkic, ilc
thb nkols usbc fkr ck`bston purpksbs ebni`b pro`irody sodvbr. Ol 98>3, Nklarbss `kvbc tk
rb`bcy thb prkedb` ey nhilaola thb ritok tk 96 tk 9 ey rbcunola thb akdc ol akdc nkols. Shb
lbw `olt ritok `icb akdc nhbipbr rbditovb tk thb wkrdc `irjbt pronb ritok. (Bdwbdd, 5=99) Is i
rbsudt, sodvbr ebail tk eb bxpkrtbc. Shos ebni`b `krb prklkulnbc woth cosnkvbrobs kf akdc ol
Nidofkrloi ilc Iustridoi. Ey 982=, sodvbr nkols hic id`kst tktiddy cosippbirbc ilc akdc
ebni`b thb prolnopid nkol kf ck`bston nk``brnb. Ol 9?93 thb `bnhilos` fkr oltbrlitoklid
piy`blts cri`itoniddy nkddipsbc. Hidf kf wkrdc tricb wis folilnbc ey Erotosh nrbcots whonh,
woth stknj `irjbts `kstdy shut fkr thb curitokl kf thb wir, `bilt eodds nkudc lkt eb rkddbc kvbr kr
pioc woth thb usuid bisb. (@irj Hirroskl, 5=9>)
Rlcbr i ndisson akdc stilcirc, bxnhilab ritbs irb foxbc, ilc sk ily cbvoitokl kf ck`bston pronb
dbvbds frk` thb wkrdc akdc pronb troaabrs thb idir` kf bxpkrts ilc o`pkrts kf physonid akdc ebfkrb
tholas `kvb tkk fir frk` bquodoerou`. Shus, thb akdc-doljbc lktb ossub kf i nkultry bxpbroblnola i
dkss kf akdc cub tk i tricb cbfonot wkudc eb iutk`itoniddy nkltrintbc, cbprbssola thb pronb
dbvbd. Shb cbfonot nkultrys bxpkrts wkudc thbl ebnk`b `krb ittrintovb tk fkrboal nkultrobs
whodst o`pkrts wkudc ebnk`b `krb bxpblsovb thbrbey sbdf-nkrrbntola thb cbfonot. Adkeid
o`eidilnbs wbrb iutk`itoniddy rbstriolbc ey nrbcot bxpilsokl ol surpdus nkultrobs ilc
nkltrintokls ol cbfonot nkultrobs.
Hkwbvbr, fkr thb akdc stilcirc tk wkrj fuddy, nbltrid eiljs, whbrb thby bxostbc, wbrb suppksbc
tk pdiy ey thb rudbs kf thb ai`b. - tk riosb thbor cosnkult ritbs tk spbbc i akdc olfdkw ilc tk
dkwbr thbor cosnkult ritbs tk finodotitb i akdc kutfdkw. (@krys) Shus, of i nkultry wis rullola i
eidilnb-kf-piy`blts cbfonot, thb rudbs kf thb ai`b rbquorbc ot tk iddkw i akdc kutfdkw ultod thb
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ritok kf ots pronb dbvbd tk thit kf ots prolnopid tricola pirtlbrs wis rbstkrbc tk thb pir bxnhilab
ritb. Eut thbrb wis viroitokl ol rudbs fkddkwbc ey nkrb nkultrobs ilc pbrophbrid nkultrobs. Shb
cosnkult ritb cbnosokls kf nkrb nkultrobs wbrb `ktovitbc ey jbbpola thb bxnhilab-ritb wothol
thb akdc pkolts whbl thb pbrophbrid nkultrobs rbdobc kl hoah rbsbrvb dbvbds ilc krobltbc thbor
cosnkult ritb pkdony tkwircs `ioltiolola thb rbsbrvb dbvbd. Idsk, nkultrobs blgkybc `iraoliddy
`krb doebrty ol sbttola thbor cosnkult ritb thil pbrophbrid nkultrobs. (@irj Hirroskl, 5=9>)
(^nhwirtz, 9?83)
Shus, ndissonid akdc stilcirc kf thb lolbtbblth nbltury wis lkt pbrfbnt, ilc iddkwbc fkr
rbditovbdy `olkr ekk`s ilc eusts, ot stodd prkvocbc us woth ey fir thb ebst `klbtiry krcbr thb wkrdc
his bvbr jlkwl, il krcbr whonh wkrjbc, whonh jbpt eusolbss nyndbs frk` abttola kut kf hilc,
ilc whonh bliedbc thb cbvbdkp`blt kf frbb oltbrlitoklid tricb, bxnhilab, ilc olvbst`blt. Ot
prkvocbc il iutk`iton `irjbt `bnhilos` fkr nhbnjola thb olfditokliry pktbltoid kf
akvbrl`blt. Ot idsk prkvocbc il iutk`iton `bnhilos` fkr jbbpola thb eidilnb kf piy`blts kf
binh nkultry ol bquodoerou`.
-]rbpirbc ey7
@idbbhi Sirillu`
Eoedokariphy7
Bdwbdd, N. J. (5=99). Erobf Hostkry kf thb Akdc ^tilcirc ol thb Rlotbc ^titbs.Nklarbssoklid Ubsbirnh
^brvonb.
@irj Hirroskl, N. (5=9>, Iprod 96 ). Coc thb Akdc ^tilcirc Qkrj; Bnklk`ons Ebfkrb ilc Iftbr Foit
@klby. Ubtrobvbc ^bptb`ebr 2, 5=9>, frk` NFI Olstotutb7
http7//edkas.nfiolstotutb.kra/olvbstkr/5=9>/=3/96/akdc-ilc-oltbrlitoklid-rbsbrvb-nurrblnobs/
@krys, @. (l.c.). @klbtiry ]kdony ulcbr thb Ndissonid Akdc ^tilcirc (981=-9?93).Rlovbrsoty kf _krj.
^nhwirtz, I. (9?83).I Ubtrkspbntovb kl thb Ndissonid Akdc ^tilcirc,9859-9?>9.Rlovbrsoty kf Nhoniak]rbss.