3 years ago

Explain why the United States switched to the gold standard in 1873 and what were the results?

1 answer:

7 0

Answer: The U.S. monetary system is based on paper money backed by the full ... began with a bimetallic standard in which the dollar was defined in terms of ... As a result, silver ... Much of the money used under a gold standard is not ... gold convertibility, a relatively minor recodification of law in 1873 turned out.

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