[ModelBreaker]

I did not know that Sir Isaac Newton invented the rules for the Gold Standard. Is this really true?

[Tribune7]

He retired from his Cambridge duties in 1701. Ironically, it was his work at the Mint, rather than his contributions to science, which earned him a knighthood . . .

Britain went on to an unofficial gold standard in 1717 when Sir Isaac Newton, then Master of the Mint, established a fixed price of £3.17.10 ½d per standard (22 carat) troy ounce, equal to £4.4.11 ½d per fine ounce. Under the gold standard the value of the pound (measured in gold weight) remained largely constant until the begining of the 20th Century.