The Gold Standard

At the Hay Festival, Misha Glenny and guests discuss the impact of the Norman invasion on the people and land of Wales and across the modern border with England in what became known as The Welsh Marches, march being a term for a militarized borderland. Hay was one of the first Ma ...  Show more

Misha Glenny and guests discuss the group which came to be known as the Levellers and emerged during what would become arguably one of the bloodiest and most turbulent periods of English history. After the First English Civil War, the Levellers started calling for reforms to achi ...  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 ...

In the second episode in our series on bad ideas David talks to the political economist Helen Thompson about the gold standard, which was meant to anchor the world economy until it all fell apart a hundred years ago. Why does gold so often appear like a stable basis for money in ...  Show more