The Gold Standard

Misha Glenny and guests discuss an ancient civilisation who lived over 2000 years ago in the southwest of modern-day Libya. During prehistoric times, the Sahara Desert was greener and even had large lakes, but for the last 5000 years it has been a hyperarid environment. Extreme s ...  Show more

Misha Glenny and guests discuss one of the great writers on Central Europe after the first world war and on the dying of the old orders with the collapse of the Austro-Hungarian empire. As a German speaking Jew from Brody in the north-eastern edge of that Empire, which was then i ...  Show more

Melvyn Bragg and guests discuss the system that flourished from 1870 when gold became dominant and more widely available, following gold rushes in California and Australia. Banknotes could be exchanged for gold at central banks, the coins in circulation could be gold (as with the ...  Show more

As banks collapse and governments run out of money, the popular solution is to print more and more and expand bank balance sheets. But is there another way of fixing our economy? Would the financial system be more stable if each pound in our pocket was backed by gold? The Today p ...  Show more

From the rings on our fingers, to coins in our pockets and, for a select few, the medals hanging around our necks. Gold is one of the most coveted metals in the world.

Gold still has the power to change lives, but in the mid 19th century, it also sparked the largest ...

April 18, 1933. It’s almost midnight in Washington, DC. Newly-elected President Franklin Delano Roosevelt has gathered his economic advisors for a late-night meeting. He called this meeting to announce his plan to effectively take the US off the gold standard, the system by which ...  Show more