Part II: ARISEÂ® Supervision, is a âmini-externshipâ during which the theory and process introduced in Part I is put to the test and honed as ARISEÂ® Intervention Interns practice the ARISEÂ® Intervention and Continuing Care for the first time under the guidance of an experienced supervisor.
The short answer to the question of when the US abandoned the Gold Standard isâ¦1971. To understand why, and to appreciate why some economists and politicians would now like to see a return to the Gold Standard, itâs useful to know a little about its history.
The dollar is down. People are worried about the value of paper money. There was a time, of course, when paper money was backed by gold â the era of the gold standard. The story of why that era came to an end includes a nervous breakdown, a global panic, and a presidential adviser who was an expert on cows and chickens. The gold standard was a promise. If you had a dollar, you could take it to the government any time you want, and trade it in for a fixed amount of gold. In the U.S. year after year, $20.67 got you an ounce of gold. In the early part of the 20th century, all the world's key economies were on the gold standard.