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Why Gold-Backed Currencies Help Prevent Wars
By Ferdinand Lips - October 14, 2002
The context I will start my talk with an allegation. You have gathered here for a specific reason. You have come be­cause the gold standard was given up in 1914 at the beginning of World War I.
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In 1792 the U.S. Congress adopted a bimetallic standard (gold and silver) for the new nation's currency - with gold valued at $19.30 per troy ounce

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