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andrey2020 [161]
4 years ago
6

What was the effect of the Gold Standard Act of 1900?

History
2 answers:
Novosadov [1.4K]4 years ago
4 0
<span> Approved on March 14 and established </span>gold<span> as the only </span>standard<span> for redeeming paper money, stopping bimetallism which had allowed silver in exchange for </span>gold<span>. </span>
ki77a [65]4 years ago
3 0
The Gold Standard Act<span> of the United States was passed in </span>1900<span> (approved on March 14) and established </span>gold<span> as the only </span>standard<span> for redeeming paper money, stopping bimetallism (which had allowed silver in exchange for </span>gold<span>). It was signed by President William McKinley.</span>
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