Managed float exchange systems were abandoned with the implementation of the gold standard.

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Managed float exchange systems were not abandoned with the implementation of the gold standard as the gold standard preceded the idea of managed float exchange systems by several decades. The gold standard was a fixed exchange rate system where the value of the currency was tied to a fixed amount of gold. Managed float exchange systems, on the other hand, involve allowing exchange rates to fluctuate based on market supply and demand, with some government intervention to mitigate extreme fluctuations.

Managed Float Exchange Systems Were Abandoned with the Implementation of the Gold