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The Day Money Changed Forever
The Death of Gold-Backed Money
Dear Reader,
It’s Sunday, September 21, 2025. I am Dom Einhorn, your lead curator, and here are your insights into what makes this day in history relevant today. First time reading? Join our community of intellectually curious readers who explore the history behind every day. [Sign up here]
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From Gold to Chaos
September 21, 1931 — The Bank of England drops the gold standard, triggering a 28% drop in the pound sterling and a global monetary crisis.
📌 Why This Matters
This single decision reshaped the rules of modern economics. It marked the end of gold-backed currency and paved the way for fiat systems, inflation targeting, and the financial world we live in today.
🎯 How Well Do You Know the Gold Standard?
Few policy moves have such immediate, global impact. The UK's exit from gold remains one of the most consequential economic shifts in history.
👉 Play our Gold Standard quiz now.
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Why KRONIKL? Inspired by the timeless concept of chronicles, KRONIKL is dedicated to bringing you the most intriguing, thought-provoking stories from this date. Culture, science, politics, and more — all condensed for a quick, insightful read that connects your present with our past.
*Disclosure: Masters of Trivia is a quiz platform founded by Dom Einhorn and owned by Intelligent Games LLC—the same company that brings you the KRONIKL newsletter.
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