There's not an industrial country in the whole world today, within the fringes of civilization, in which gold still circulates. And that's not Lecause in the last ten years every government has banned its circulation. People just got tired of it. They found paper money more convenient.
Big bankers tried over and over again to pump gold back into <iculation, but people wouldn't use it, It wears away. It burdens the pocket. Large sums in gold are cumber some. $5 gold pieces roll under the bureau snd get shoved in the jitney box in place of a nickel. People dropped te habit of using it. lost interest in ud only wanted it at Christmas.
Also, the habit of relying on gold us a base for money or credit has died away. One of the most revolutionary steps taken by Great Britain since the war started came in the first month. when the entire gold reserve behind the British currency was tumed over to the ex-hange equalization fund. There's practically no gold today behind any important currency in the werld—[end nobody but economists cares {During the last World War every nation took drastic steps to keep its zold at hom". During this war every ion that had any gold except the ited States has seized the chance getting $35 an ounce for it from
Text read from the printed page and cleaned; old type leaves the occasional error.