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- todayilearned
- cross-posted to:
- todayilearned
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The original was posted on /r/todayilearned by /u/ArunPrasadK on 2024-04-21 17:47:33.
Original Title: TIL Great Britain accidentally adopted a de facto gold standard in 1717 when Sir Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation.
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You’d think he’d be able to… differentiate… between the two.
I’ll see myself out.