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Liesman Explains the Gold Standard

Fri 24 Aug 12 | 10:00 AM ET
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Liesman Explains the Gold Standard

Fri 24 Aug 12 | 10:00 AM ET
CNBC's Steve Liesman explains the gold standard. When countries use the gold standard, no currency can be issued without the gold to back it up. Most countries, he says, abandoned the gold standard during the Great Depression.
 
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