Class Notes (809,121)
Canada (493,535)
POLI 354 (32)

Lecture Notes on Gold Standard

7 Pages
Unlock Document

McGill University
Political Science
POLI 354
Mark Brawley

th18 October 2010Changes in the Monetary Regime The monetary regime supports trade and investment Trade was expanding in the 1830s and 1840sHow did they make international payments y Gold standard Gold StandardGold as the medium of exchange for the international economyIdeological roots in liberalismGold standard wasy A market solution to work as international medium of exchange y Self equilibrating helps you balance between peopley A corrective mechanismforces you to follow certain policy Classical Liberal ApproachIts not about the government fixing the situation its about individual satisfying their own preferencesCentral Banks play the leading role Domestic legislation You create a bank and give it certain authorities you are not signing any treaty Idea of central bank evolved from Britain Government doesnt need to do anything apart from ensuring bank doesnt break the law
More Less

Related notes for POLI 354

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.