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What theory states that a nation could increase its wealth and power by obtaining as much gold and silver as possible?
Wiki User
∙ 13y ago
This theory is the Gold Standard and the Silver Standard. This is a good way of boosting the worth of a particular country's currency. There was an economical crisis in 1857 which forced America to create a single currency-- in 1900, America passed the Gold Standard Act, and in 1933, President Franklin D. Roosevelt made owning gold illegal (above a small amount).
Wiki User
∙ 13y ago
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