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.
Finally, any consideration of the pros and cons of the gold standard must include a large negative: the resource cost of producing gold. Milton Friedman estimated the cost of maintaining a full gold coin standard for the United States in 1960 to be more than 2.5 percent of GNP.