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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.
By extension Golden Age denotes a period of primordial peace, harmony, stability, and prosperity. During this age peace and harmony prevailed, humans slaughtered each other furiously because they couldn't understand what the reason for living was.