Under the gold standard era of 1870-1914

Question

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During the gold standard era of 1870-1914, London was the center of the international monetary system. The gold standard was a system where currencies were backed by gold, and London was at the heart of this system as the majority of international trade and finance was conducted in British pounds. London also served as a major financial center with the London Stock Exchange and several large banks located in the city.

Under the Gold Standard Era of 1870-1914