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What was the gold standard and which groups of Americans supported it?
Wiki User
∙ 9y ago
The gold standard was a system of money where the government owned and kept an amount of gold that was represented by the paper money issued. Paper money was called gold certificates and originally you could present the paper money and be given the stated face amount of gold for it.
People like libertarians and strict constitutionalists supported the system, but the US stopped using it.
Wiki User
∙ 9y ago
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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
Who opposed gold standard?
the democrats opposed the gold standard. the republicans supported it.
What strongly supported the gold standard?
republicans
Who most strongly supported the gold standard?
Republicans... because McKinley ran on a platform of supporting the gold standard and high tariffs
Did Republican Party supported the gold standard in 1896?
yes
What types of americans favored the gold standard?
your mom and all other americans
What different ethnic groups came to California in The Gold Rush?
South Americans, Chinese, Europeans
Who were the forty-niners?
The forty-niners were people who went to California seeking gold found in 1849 on Johann Sutter's farm.
What did William Jennings Bryan promote?
In the 1896 US presidential election, Democratic candidate William Jennings Bryan was well known for supporting the silver standard, as opposed to Republican William McKinley's support of the gold standard. The gold standard meant that money was linked to the value of gold. Because of the gold standard, debtors rarely got out of debt because of continuous inflation. Bryan supported shifting the standard to silver, a cheaper metal that would give debtors greater chances to pay their debts. As a result, the silver producing states in the West and rural debtors supported Bryan. Bryan lost the election to McKinley.
Who are some of the groups of people that came to Australia for the gold rush?
Many cultures came to Australia for the gold rush, but the majority of poeple on the goldfields were Australians themselves.Other groups that came included:ChineseNorth Americans (including Canadians)ItaliansGreeksNew ZealandersFrenchBritish
Who was the first to adopt the gold standard?
The gold standard was first adopted in Britain in 1821Read more: gold-standard
What political party favored free silver in the eightteen hundreds?
The Democratic Party In campaigning for The Election of 1896, William Jennings Bryan supported silver, rather than the gold standard, which William McKinley supported. McKinley won the election.
What does the G stand for in penicillin G?
penicillin G stands for the phrase gold standard, as in gold standard penicillin.
