The following month the Federal Reserve raised interest rates sharply to show America’s commitment to gold.

在接下来的一个月里，美联储为了证明对金本位制的信奉，大幅提升了利率。

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The following month the Federal Reserve raised interest rates sharply to show America's commitment to gold.

在接下来的一个月里，美联储为了证明对金本位制的信奉，大幅提升了利率。

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They give each other a gold ring to symbolize their marriage commitment.

他们互赠金戒指象征婚姻的承诺。

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So while growth in the Fed's monetary base is overrated when it comes to currency values and inflation (base growth was the same in the '70s as it was in the '80s), the failure of the Nixon Treasury to clearly state its commitment to the Bretton Woods gold standard led to a falling unit of account.

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From 1947 through 1967, the year before the U.S. began to weasel out of its commitment to dollar-gold convertibility, unemployment averaged only 4.7% and never rose above 7%.

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Indeed, if the U.S. had steadfastly stuck to its commitment to redeem dollars for gold, there would have been little desire among dollar holders to redeem to begin with.

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