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Definition of the gold standard. 1 : a system in which a unit of money (such as the dollar) is equal to a particular amount of gold The United States was still on the gold standard in the early 20th century.
A golden age is a period in a field of endeavour when great tasks were accomplished, meaning that in the Elizabethan era many good / great things were accomplished. Eg: The En â¦ glish navy defeated further attempts at invasion in 1596 and 1597 etc. golden age is a period in a field of endeavour when great tasks were accomplished, meaning that in the Elizabethan era many good / great things were accomplished. Eg: The En â¦ glish navy defeated further attempts at invasion in 1596 and 1597 etc.