| Revision as of 01:23, 23 August 2022 editFresheneesz (talk | contribs)Extended confirmed users9,055 editsm →Reversion of my edit about disagreements with the view that the gold standard caused the great depression← Previous edit |
Latest revision as of 17:57, 10 October 2024 edit undoWordnerd104 (talk | contribs)Extended confirmed users554 edits Update ENG 21011 Research Writing assignment detailsTag: dashboard.wikiedu.org [2.3] |
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==Wiki Education Foundation-supported course assignment== |
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] This article was the subject of a Wiki Education Foundation-supported course assignment, between <span class="mw-formatted-date" title="2019-01-14">14 January 2019</span> and <span class="mw-formatted-date" title="2019-03-10">10 March 2019</span>. Further details are available ]. Student editor(s): ]. |
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{{small|Above undated message substituted from ] by ] (]) 22:31, 16 January 2022 (UTC)}} |
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== Dates of adoption of a gold standard == |
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== Dates of adoption of a gold standard == |
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*1717: ] 'de facto' following Isaac Newton's revision of the mint ratio, at 21 shillings to a guinea of 129.438 grains (8.38 g), 22 ] crown gold.<ref>{{Cite book|first=Charles P. |last=Kindleberger |authorlink=Charles P. Kindleberger |title=A financial history of western Europe |publisher=Oxford University Press |location=Oxford |year=1993 |pages= |isbn=0-19-507738-5 |oclc=26258644}}</ref><ref>Newton, Isaac, .</ref><ref>"The Gold Standard in Theory and History", BJ Eichengreen & M Flandreau </ref> |
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*1717: ] 'de facto' following Isaac Newton's revision of the mint ratio, at 21 shillings to a guinea of 129.438 grains (8.38 g), 22 ] crown gold.<ref>{{Cite book|first=Charles P. |last=Kindleberger |authorlink=Charles P. Kindleberger |title=A financial history of western Europe |publisher=Oxford University Press |location=Oxford |year=1993 |pages= |isbn=0-19-507738-5 |oclc=26258644}}</ref><ref>Newton, Isaac, .</ref><ref>"The Gold Standard in Theory and History", BJ Eichengreen & M Flandreau </ref> |
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Based on ], I gather that since 1800, France has been on the gold standard, using a bimetallic standard where silver was used for small change. Even timeline in the discussion fails to note that. Similarly, the ] page indicates that Spain has been using a fixed gold equivalent for its currency since 1566, when the value of silver was also fixed. Can anyone improve the article, so that a reader could understand how did Newton's bimetallism innovated beyond the Spanish bimetallism, and why was the British pound more of a gold standard than the gold napoleons? As is, it seems the article was written with a British POV. |
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Based on ], I gather that since 1800, France has been on the gold standard, using a bimetallic standard where silver was used for small change. Even timeline in the discussion fails to note that. Similarly, the ] page indicates that Spain has been using a fixed gold equivalent for its currency since 1566, when the value of silver was also fixed. Can anyone improve the article, so that a reader could understand how did Newton's bimetallism innovated beyond the Spanish bimetallism, and why was the British pound more of a gold standard than the gold napoleons? As is, it seems the article was written with a British POV. |
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== Advantages and Disadvantages == |
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== Reignition of Gold Standard == |
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Within the advantages section there is this mention: ''Long-term price stability has been described as one of the virtues of the gold standard, but historical data shows that the magnitude of short run swings in prices were far higher under the gold standard.'' |
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This seems to be like a disadvantage. Plus it seems to already be mentioned as a disadvantage where it says: |
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''Although the gold standard brings long-run price stability, it is historically associated with high short-run price volatility.'' |
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I would recommend simply changing the phrase under advantages to say: |
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''"Long-term price stability has been described as one of the virtues of the gold standard"'' |
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This phrase then naturally leads into the counter argument found within the disadvantage section. |
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As an overall recommendation for this article, the statements within the aforementioned sections seem highly subjective. To me, some of the disadvantages actually seemed like advantages lol. I would recommend making sure that each of these cited sources are clearly indicating an advantage or a disadvantage to the gold standard, and maybe even quoting the source or indicating whose opinion we are actually spouting. |
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In the lead it mentions: ''There is a consensus among economists that a return to the gold standard would not be beneficial, and most economic historians reject the idea that the gold standard "was effective in stabilizing prices and moderating business-cycle fluctuations during the nineteenth century.'' |
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Well, that's quite one sided, isn't it? No mention of the supporters? There are clearly other schools of thought that support the gold standard that are quite significant, as the article clearly brings out. Why no mention of them? As a kindly reminder see ] and ]. |
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] (]) 04:10, 2 April 2022 (UTC) |
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Return to gold standard |
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Apparently in May 2022 Russia tied the Ruble to gold. This was covered by Forbes magazine at https://www.forbes.com/sites/zengernews/2022/05/02/russias-move-to-gold-may-jolt-your-company/?sh=3fbdc7fb72e6 |
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Other countries are supposedly also considering a similar move. |
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Perhaps someone knowledgeable on the topic could address these recent updates? <!-- Template:Unsigned --><span class="autosigned" style="font-size:85%;">— Preceding ] comment added by ] (] • ]) 18:56, 9 June 2022 (UTC)</span> <!--Autosigned by SineBot--> |
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Hello! I don't see any mention in this article about current advocate of the gold standard Keith Weiner and his company Monetary Metals which pays a yield on gold, paid in gold, in an attempt to give individuals and institutions a way to start their own personal gold standard. Should this be noted on this page as the most recent attempt by a private company to restart a gold based ecosystem? The first Gold Bond in 87 years would be noteworthy for this page I would think? ] (]) 22:10, 25 January 2023 (UTC) |
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== Reversion of my edit about disagreements with the view that the gold standard caused the great depression == |
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== Semi-protected edit request on 12 July 2023 == |
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User Thenightaway with the note: |
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{{edit semi-protected|Gold standard|answered=yes}} |
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> does not relate to the consensus view about the role of the gold standard |
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Minor edit (grammar), under section Great Depression, change "... Central European banking crisis led Germany and Austria suspend gold convertibility and impose exchange controls." |
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to |
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"... Central European banking crisis led Germany and Austria to suspend gold convertibility and impose exchange controls." ] (]) 18:09, 12 July 2023 (UTC) |
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:{{done}}<!-- Template:ESp --> - <span style="font-family:Trebuchet MS">] <small>(])</small></span> 18:27, 12 July 2023 (UTC) |
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==Wiki Education assignment: ENG 21011 Research Writing== |
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This is nonsensical. There is no reason my edit needs to relate to the consensus view. The purpose is to make it clear that it isn't a unanimous view. I have added multiple sources for this. Don't just delete things on wikipedia because you don't agree with it. ] (]) 20:50, 21 August 2022 (UTC) |
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{{dashboard.wikiedu.org assignment | course = Misplaced Pages:Wiki_Ed/Kent_State_University/ENG_21011_Research_Writing_(Fall_2024) | assignments = ], ] | reviewers = ], ], ], ] | start_date = 2024-08-21 | end_date = 2024-12-08 }} |
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: Your addition of the line "but many disagree with this view" is not supported by the sources you're adding. ] (]) 20:58, 21 August 2022 (UTC) |
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<span class="wikied-assignment" style="font-size:85%;">— Assignment last updated by ] (]) 17:57, 10 October 2024 (UTC)</span> |
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::If that is your only concern, it could easily have been recorded. ]] 21:14, 21 August 2022 (UTC) |
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::OK I had a closer look. There are not RS to support any statement at all about the gold standard, as far as I can tell.]] 22:05, 21 August 2022 (UTC) |
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::: I think the statement that none of the sources that I included reliably support the very short clarifying statement I added deserves to have some reasoning given. One of my sources is David Wheelock, and economist at the St Louis Federal Reserve, and the source I referenced from him is published . He says 'Economists continue to study the Great Depression because they still disagree on what caused it.' Thenightaway claims that the Journal of Business & Economic Policy is "predatory". I see no evidence of that, so it would be great if some could be supplied if its to be claimed that its not a reliable source. |
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::: I'm not inserting any extraordinary claim here, only the clarification that many economists disagree with the view that gold standard caused the great depression . There are other major schools of thought about the causes of the great depression, so its highly misleading to simply say "the idea that gold caused the great depression is the consensus view" without qualification. Ignoring other views because this is an article about the gold standard is not reasonable when considering the misleading quality of the current wording. |
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::: Furthermore, Thenightaway also reverted my edits improving the readability of the references in the source. This is just adding insult to injury and is completely inappropriate. Thenightaway, you are edging on edit warring. Edit warring is not acceptable on wikipedia. You should not have reverted my edits without attempting to engage in a discussion. And you certainly shouldn't have done it twice. You should be aware that doing this could earn you a temporary ban. |
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::: ] (]) 01:21, 23 August 2022 (UTC) |
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Hello! I don't see any mention in this article about current advocate of the gold standard Keith Weiner and his company Monetary Metals which pays a yield on gold, paid in gold, in an attempt to give individuals and institutions a way to start their own personal gold standard. Should this be noted on this page as the most recent attempt by a private company to restart a gold based ecosystem? The first Gold Bond in 87 years would be noteworthy for this page I would think? Gold good (talk) 22:10, 25 January 2023 (UTC)
Minor edit (grammar), under section Great Depression, change "... Central European banking crisis led Germany and Austria suspend gold convertibility and impose exchange controls."
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"... Central European banking crisis led Germany and Austria to suspend gold convertibility and impose exchange controls." Anodeunheard (talk) 18:09, 12 July 2023 (UTC)
level-5 vital article is rated C-class on Misplaced Pages's content assessment scale.
Done - 
This article was the subject of a Wiki Education Foundation-supported course assignment, between 21 August 2024 and 8 December 2024. Further details are available on the course page. Student editor(s): Msadid, Jgerson2 (article contribs). Peer reviewers: Natalie.Swisher, Ema0303, ARisher, AnnaLoychik12.