The force, called the "Coriolis effect," causes the direction of winds and ocean currents to be deflected. In the Northern Hemisphere, wind and currents are deflected toward the right, in the Southern Hemisphere they are deflected to the left.
All national governments agreed to abide by the "rules of the game" under the gold standard. The defense of a fixed exchange rate was required.
A monetary system known as the "gold standard" links a currency's value directly to gold. As a result, the money is guaranteed by the government and can be exchanged for a specific amount of gold. A fixed exchange rate helps to ensure the smooth flow of money from one country to another.
Gold standard means, The amount of gold that a nation's central bank or treasury kept constituted the upper limit on its money supply. Any change in its gold holdings had to be accompanied by an equal adjustment in the number of outstanding local currency units.
According to the "rules of the game," nations that lost gold were required to raise interest rates and reduce their money supply, while nations that gained gold were required to lower interest rates.
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1) by protecting the public
; the provision of law enforcement agencies a body of officers representing the civil authority of government. Example is the police. Police are responsible for the protection of the citizens and also they are funded by the government.
3) by providing health care
; government spend money to provide affordable health care for her citizens.
4) by supporting education
; providing subsidized education through tax payers money.
5) by building roads and bridges; delivering of public goods through the construction of roads and bridges.
All these are done with revenue generated and tax payers money.
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