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→Later Developments
In Europe, developing kingdoms, such as those developed by the Anglo-Saxons and Franks, began to use silver rather than gold. Silver, thus, became the main standard over gold in Europe. It was only under the reign of Queen Anne in the early 18th century, and particularly after the Napoleonic Wars, that gold began to become important again in the role it played in the economy. The British specie began to be the standard that was used in the 18th and 19th centuries, where laws in the early 19th century helped to solidify its role. As Britain's trade empire increased, along with its trade influence, the gold standard, once again, began to spread across the globe, similar to how it did during the Classical period.
Major disruptions occurred in World War I, when the British specie became in short supply and there was increased distruption to international trade during the conflict. The gold coin standard was, thus, changed to gold bullion after the war in Britain. Fluctuations and disruptions occurred due to the Great Depression and World War II; however, gold continues to play a key role in major Western and other economies today.
==Deep Impacts of Gold==
