Part II: ARISEÂ® Supervision, is a âmini-externshipâ during which the theory and process introduced in Part I is put to the test and honed as ARISEÂ® Intervention Interns practice the ARISEÂ® Intervention and Continuing Care for the first time under the guidance of an experienced supervisor.
The short answer to the question of when the US abandoned the Gold Standard isâ¦1971. To understand why, and to appreciate why some economists and politicians would now like to see a return to the Gold Standard, itâs useful to know a little about its history.
As mentioned, the great virtue of the gold standard was that it assured long-term price stability. Compare the aforementioned average annual inflation rate of 0.1 percent between 1880 and 1914 with the average of 4.1 percent between 1946 and 2003.