please write a substantive academic work (at least 500 words, cite your sources, do not use flowery language, spell and grammar check, use paragraph breaks) addressing the prompt:The gold standard (1870-1914) pegged the value of each country’s currency to gold, providing a predictable and stable system but forcing countries to maintain gold reserves.Pres. Trump has nominated Judy Shelton to be a Governor of the Federal Reserve. So far her nomination has been blocked, primarily due to her belief that the United States should return to the gold standard. What are your thoughts on the subject? Explain when and why the United States abandoned the standard, and the role of Bretton Woods in the post-World War II global economy.