The Gold Standard in England

Some history of English money policies are mentioned that led to the migration to the gold standard, replacing a silver standard that had been in place since the time of the Saxons. The migration to gold was a "happy accident" that occurred largely because of a number of egregious incidents regarding the management of silver coin leading people to cling to gold as a standard when the value of silver seemed unstable and unpredictable and, at the same time, made gold into the weaker currency than silver - becoming the bad money to drive out the good silver, per Gresham's Law.

(EN: The rest of the chapter seems to be a rather detailed and fussy history lesson, which seems to be trivia.)