In the eighteen nineties, the American people were deeply divided over the nation's money system.

在19世纪90年代，美国人民对国家货币制度产生了深刻分歧。

The monetary system of certain countries used to be based on gold.

某些国家以前货币制度是以黄础。

In other words, we're going off the gold standard, and at that time, money had no value except as a claim against gold.

换句话说，我们正在脱离本位制（以黄本位币货币制度），在那个时候，货币除了作对黄权之外没有任何价值。

A guilty verdict by U.S. voters last November on inflation mongers will have no follow-through in terms of monetary regime change.

去年11月，美国选民对通胀制造者做出了有罪判决，但这一判决并未在货币制度变革上得到延续。

In their place, they have established a fiat money regime that allows for the production of unlimited amounts of money through central banks, and which greatly facilitates the creation of credit though commercial banks.

相反， 他们建立了一种法定货币制度， 通过中央银行可以无限量地生产货币，并通过商业银行极大地促进了信贷创造。

This marked a break with the previous gold standard system, which from the late 19th century had provided predictable and stable exchange rates for countries that kept the value of their currencies fixed to a specific quantity of gold.

这标志着与先前本位制(以黄本位币货币制度)进行决裂，从19世纪末开始，一些国家将本国货币价值与特定数量黄挂钩，而本位制这些国家提供了可预测和稳定汇率。