0
They were afraid of losing profits
Wiki User
∙ 13y ago
Wiki User
∙ 11y agothey could control most of the gold
Add your answer:
Earn +20 pts
How many countries use the gold standard?
There are no countries today that are using the gold standard.
Is the US using the gold standard for 2010?
No, they stopped using the gold standard in 1971
When did US go off gold standard?
us went off gold standard in 1933
What is gold parity standard?
Gold parity standard is the current system used instead of the international gold standard. This system was made in 1946 by the International Monetary Fund (IMF).
How and when did South Africa adopt the gold standard?
in 1929 thats when south africa adopted the gold standard
What was Gresham's offer to Baldwin?
Gresham offered Baldwin his support in exchange for his commitment to maintaining a fixed gold standard for the currency. This offer led to the eventual passing of the Gold Standard Act in 1873, establishing the U.S. dollar as a fixed weight of gold.
Support for the free silver movement was strongest?
In the late nineteenth century gold and silver were both still used as money exclusively, as mandated in the U.S. Constitution. The free silver movement began in reaction to the push to demonetize silver in favor of an exclusive gold standard. This was a populist movement because it would remove real wealth from the hands of working people and concentrate it ito the hands of bankers.
President Cleveland accepted a loan of gold from a group of bankers headed by who?
J.P. Morgan
President Cleveland accepted a loan of gold from a group of bankers headed by?
J.P. Morgan
Who was the first to adopt the gold standard?
The gold standard was first adopted in Britain in 1821Read more: gold-standard
What economic plan did McKinley support in the 1896 election?
William McKinley believed in "gold standard", instead of "free silver"
What does the G stand for in penicillin G?
penicillin G stands for the phrase gold standard, as in gold standard penicillin.
What economic plan did William McKinley support in the 1896 election?
William Mckinley believed in "gold standard", instead of "free silver"
Who opposed gold standard?
the democrats opposed the gold standard. the republicans supported it.
Who is the gold standard in WWE?
gold standard, is the nickname (gimmick) of Shelton Benjamin
When was Gold Standard Laboratories created?
Gold Standard Laboratories was created in 1993.
How many countries use the gold standard?
There are no countries today that are using the gold standard.
