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Topic: Business
Number of pages / Number of words: 4 / 1014
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Gold was proven to have greater value and the monometallic system and the gold standard was adopted. With the gold standard, the United States economy would print currency that equaled a specific value of gold.

The gold standard or also known as the gold exchange standard from1890 to 1933 and had a fixed price $20...


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When President Franklin D. Roosevelt was president he outlawed the United States to have private gold ownership except for the use of jewelry. In the 1900's President William McKinley signed the Gold Standard Act, which allowed gold as the only standard for redeeming paper money, stopping the bimetallism system...


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