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How did the gold standard start?

Updated: 8/23/2023
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Wiki User

12y ago

Best Answer

No one really knows when the Us started using the gold standard, legend has it that Golorious Leader Thomas Jefferson started using the gold standard way back in the day. The estimated date of first use was 1784

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11y ago
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13y ago

So that every paper money printed was fully covered by gold

reserves for that money's state. Inflation=0

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12y ago

In 1901

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Q: How did the gold standard start?
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