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A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold.
Brought about by Sir Isaac Newton’s famous report of 1717, a gold standard was eventually written into law in 1821. Backed by the newly revived Sovereign, the system persisted until the outbreak of the First World War when financial pressures drove gold out of circulation. The Chancellor of the Exchequer, Winston Churchill, returned Britain to a gold standard in 1925 but its restoration was short-lived. Gripped by an economic crisis, Britain abandoned it altogether in 1931.
The fifth crowned portrait of HM Queen Elizabeth II facing right, wearing the George IV State Diadem and drop earrings.
ELIZABETH II·D·G·REG·F·D·25 POUNDS·
Depicts the scales and compass points convey a sense of balance and connectivity.
THE GOLD STANDARD