The evolition of the formation of the modern global monetary system

The purpose of this article is an in-depth study of the evolution and formation of the modern international financial monetary system and all its stages that have led to global changes in the global economy and finance. A retrospective analysis shows that the modern global monetary and financial system has gone through a huge transformation path, radically different from the one on which it originated. Having been formed under the pressure of historical events, the evolution of economic doctrines and breakthrough technological solutions, it is a complex and multifaceted mechanism. Starting with the gold standard, a system based on a seemingly simple but ultimately fragile currency valuation model, this evolution revealed vulnerabilities that contributed to the economic turmoil of the interwar period. In addition, this article discusses the main key events and their impact on the formation of a modern international monetary system (IMS).