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.
Countries now settled their international accounts in dollars that could be converted to gold at a fixed exchange rate of $35 per ounce, which was redeemable by the U.S. government. Thus, the United States was committed to backing every dollar overseas with gold. Other currencies were fixed to the dollar, and the dollar was pegged to gold. For the first years after World War II the Bretton Woods system worked well.