An early attempt at standardizing Money using international Gold Coins

Why do we have international standards for measuring time and length but not monetary value? A failed 1860s attempt to harmonize money provides insights.

Last month the world settled on a new definition of the kilogram. Our success at harmonizing weights stands in contrast with our failure to establish a universal unit for measuring monetary value. This post explores the difficulty of this project by investigating a late-1860s effort to establish an international system for comparing value. Continue reading…

 

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