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What was the silver standard and the gold standard as they related to US history?
Wiki User
∙ 14y ago
The silver standard and the gold standard refers to the ways the United States backed their money. For every dollar in the economy, there was a dollars worth of gold to back it up in a reserve. People could go and exchange their money in for gold if they wanted to. The same thing applied to silver.
Wiki User
∙ 14y ago
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