Synthesis and Plan

I have been researching how Gold works and is valued in our society today, and also in the past. A fact I have discovered is, The gold standard regulated the growth rate of a country's Money Supply. The gold standard was also an international standard determining the value of a country’s currency in terms of other countries’ currencies. Gold has many responsibilities for countries, gold can either make or break a country.

From research I have discovered, The suspension of the gold standard in America was considered temporary by many in markets and in the government at the time, but restoring the standard was considered a low priority to dealing with other issues, and in fact america never ended up restoring the gold standard. Till this day America's currency is not backed up by gold. 


Questions:

• What countries still use the gold standard?
• Why did the U.S stop using the gold standard?
• Did Gold discoveries have major impact on the value of gold, or the gold standard?
• How was gold initially valued?