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the democrats opposed the gold standard. the republicans supported it.
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∙ 14y ago
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What was not a cause of the savings and loan crisis of the 1980's?
The Gold Standard
What way is the banking system was reformed?
the banking system was taken off the gold standard
How much should you charge per brick?
The price could range from about $1 (for standard clay bricks) to $400,000 (for gold bricks).
What kind of reserves does a bank use to make loans?
Traditionally, the banks use the deposits of their customers to make loans. Now a days they can also borrow money from the fed at an inter bank rate and lend it out at a profit. Up until the 70's the US was on the gold standard which required the government to keep gold on reserve to cover the value of the money the US Treasury printed. In the 70's the US went off the gold standard.
What is a real asset?
Real assets are things that have intrinsic value like gold, land, and personal property. This is as opposed to things like stocks, bonds, and paper money which are called financial assets.
Who was the first to adopt the gold standard?
The gold standard was first adopted in Britain in 1821Read more: gold-standard
What does the G stand for in penicillin G?
penicillin G stands for the phrase gold standard, as in gold standard penicillin.
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.
Is the US using the gold standard for 2010?
No, they stopped using the gold standard in 1971
What is standard mail?
What is standard mail as opposed to first class mail as defined by the USPS?
Why did William jennings Bryan opposed the gold standard?
He thought it would make them poor. Sheesh, go learn your history and do your school work, I'm sure you're a bright person.
When did US go off gold standard?
us went off gold standard in 1933
What is a a monetary standard in which one ounce of gold equaled a set number of dollars?
gold standard
What is the monetary standard in which one ounce of gold equals a set number of dollars?
gold standard
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.
