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PATRÓN ORO ¿Por qué se abandonó? ¿Tendremos un nuevo sistema monetario?
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PATRÓN ORO ¿Por qué se abandonó? ¿Tendremos un nuevo sistema monetario?

The Evolution of Monetary Systems

Historical Context of Inflation and Currency

  • Inflation due to excessive issuance of paper money has been a longstanding concern, with historical evidence showing that states and banks often abuse their power to issue currency.
  • Precious metals like gold were historically used to avoid inflation, as they are durable, visible, difficult to counterfeit, and widely accepted globally.

The Gold Standard Era

  • The Gold Standard linked the money supply directly to the amount of gold reserves held by central banks, ensuring that currency had intrinsic value.
  • This system remained in place until World War I when governments began printing excess money without gold backing to finance war efforts.

Transition from Gold Standard to Fiat Currency

  • Post-WWII, the Bretton Woods Agreements established a new international monetary system where currencies were pegged to the US dollar, which was itself backed by gold.
  • As issues arose during the Vietnam War, the US printed more money than it could back with gold, leading to a shift away from the Bretton Woods framework.

Consequences of Abandoning Gold Backing

  • The transition resulted in currencies becoming fiat—backed only by public trust rather than tangible assets like gold.
Video description

La inflación derivada de una exagerada emisión de papel moneda ha sido una preocupación desde hace cientos de años. Y la historia ha mostrado que la mayoría de Estados y Bancos que han tenido el poder de emitir han abusado de ese poder. Por eso, surgió la necesidad de respaldar esa emisión de papel con reservas de metales precioso como el oro, para evitar precisamente emisiones excesivas. ¿Por qué se abandonó el patrón oro? ¿Qué papel jugó Estados Unidos en ese sistema monetario internacional? Videos utilizados: - https://vimeo.com/170462527 Música: Whatdafunk de Audionautix está autorizado la licencia Creative Commons Attribution (https://creativecommons.org/licenses/...) Artista: http://audionautix.com/