Great Britain was the first country to adopt the goldstandard, when the Mastet of the Mint, Sir Isaac Newton, established a fixed price for gold in 1717.
造币厂厂长以撒牛顿爵士1717年确立了黄金的固定价格，大不列颠是第一个采用本位制的国家。
2
But the idea of a common goldstandard entails the free passage of gold from country to country in settlement of international balances, in stabilizing the world's moneys in terms of gold.
但在进行国际结算时，通用的金本位制将导致黄金在国家之间自由流通，以稳定各国货币与黄金的兑换比例。
3
In contrast, if we look at normal recessions, where the country is not at war, is on the goldstandard, and where Keynesian policy is not dominant, we find a much different story.