Category 10. The Birth of the Classical Gold Standard (1816 CE)

After Britain formally adopted the Classical Gold Standard in 1816, it set a precedent for other nations to follow. Over the course of the 19th century, many of the world’s major economies—including Germany, France, the United States, and Japan—transitioned to…

By the early 19th century, Britain had emerged as the world’s leading economic power, with a vast empire, expanding global trade, and a highly developed banking system. However, financial instability and inflation during the Napoleonic Wars (1803–1815) led Britain to…