Events

1914 GMR

1914 GMR

Full Name
Global Monetary Reset of 1914
Event Type
Location
Primary Date
1/1/1914

In 1914 The world abandoned the gold standard to finance WW1

  • Previously there was an era of gold standard based global commerce (1870 - 1914)
    • The UK, France and the US tended to run trade surpluses (thanks to technology, industry & productivity)
    • The UK, France and the US exported capital to developed economies