Between 1880 and 1915,the global monetary system relied on a system of fixed rates of exchange between participating countries. This was the era of the:

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The gold standard was a system where countries fixed their currencies to a specific amount of gold. This meant that the value of one country's currency could be compared to another country's currency based on their gold reserves. This system lasted until the outbreak of World War I in 1914.

Between 1880 and 1915,the Global Monetary System Relied on a System