0
In the late 1800s tariffs on manufactured and agricultural goods led to a. a change in US currency from a gold standard to a silver standard. b. runaway inflation. c. the closure of the Grange. d. a d?
Wiki User
∙ 6y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
When agmark standard was first introduced in India?
It was introduced in 1937 under Agricultural Produce (Grading and Marking) Act of 1937 (and ammended in 1986).
What does the yellow brick road represent in regards to populism?
The Gold Standard. (: An extensive essay on the gold standard on The Encyclopedia of Economics and Liberty defines the gold standard as "a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified amount of gold. National money and other forms of money (bank deposits and notes) were freely converted into gold at the fixed price." A county under the gold standard would set a price for gold, say $100 an ounce and would buy and sell gold at that price. This effectively sets a value for the currency; in our fictional example $1 would be worth 1/100th of an ounce of gold.
How and when did South Africa adopt the gold standard and why did they abandon it?
The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold. South Africa adopted the gold standard because it let them be on the same level with the rest of the world. Gold had a set price that was the same all over the world and if everybody used it then everybody's currency was the same. As the Great Depression set in, many countries (including Great Britain) abandoned their gold standard and devaluated their currencies. South Africa, however, (under General J.B.M. Hertzog) briefly maintained its gold standard and farmers were hard hit when the resulting spike in the cost of South African goods devastated exports, especially minerals and wool. Hertzog finally abandoned the gold standard on 27 December 1932. The move returned South Africa's fortunes; gold prices increased and sparked a phase of economic expansion.
What is Standard School District's motto?
The motto of Standard School District is 'Setting the STANDARD for Excellence'.
Is money a collective noun?
No, the noun 'money' is a common, concrete, uncountable noun; a word for currency as a means of exchange for goods or services; a word for a thing.A collective noun is a noun used to group people or things in a descriptive way. The standard collective nouns for 'money' are a cache of money, a rouleau of money, a wad of money.
Why did both major parties consider the gold rush standard important?
Both major parties considered the gold rush standard important because it was seen as a way to stabilize the economy and create confidence in the value of currency. The gold rush standard tied the value of money to the supply of gold, which was believed to provide a stable foundation for the economy. Additionally, it was believed that a gold-backed currency would prevent inflation and protect against the volatility that can come with paper money.
How did the U.S. government make the American public have confidence in the nations currency in the 1870s?
The U.S. government established the gold standard in the 1870s, backing the currency with gold reserves to give it intrinsic value. This helped restore confidence in the nation's currency and stabilize its value, ultimately leading to increased trust in the financial system. Additionally, the government worked to reduce inflation and maintain the currency's purchasing power.
Is paying taxes a responsibility for a US citizen?
Yes, especially if you owe money to the government. You cant owe the govt money it has no money all it can do is tax, borrow and produce inflation debasing the currency and lowering the standard of living. Inflation is a hidden tax. Income tax and property tax is illegal and theft /slavery
What is evaluation of money?
Evaluation of money refers to assessing the value or worth of a currency, typically in comparison to another currency or a standard like gold. This evaluation is crucial for determining exchange rates, making international trade decisions, and understanding the purchasing power of a currency in different economic contexts. Various factors, such as inflation, interest rates, and overall economic stability, influence the evaluation of money.
Who established a standard currency for the roman empire?
No one established a standard currency for the Roman Empire. The Roman coins evolved as a standard currency as the Roman Empire expanded. The conquered territories were annexed to the empire, became Roman provinces and the Roman coins became their currency as a result of the annexation. The Roman coins also became useful as a standard currency as thriving trading neworks developed around the empire
What was the Roman currency in 67 AD?
Roman currency was standard. During the times of Vespasian the standard currency was used, that is, denarius, sesterces, aureus etc. The only difference was the images on the coins which were of the Flavians, rather than, say, Nero or Augustus.
Which currency standard did Populists support?
silver
What was the inflation rate after the great depression?
We were on the gold standard then. No fiat currencyhttp://inflationdata.com/inflation/images/charts/Annual_Inflation/inflation_Cumulative.htmI don't think there was much inflation after the depression. During the depression there was deflation. The economy recovered slowly so there was no spike in inflation.
What did Italian renaissance currency look like?
Try googling "florin". That was their standard currency back then...
What did the gold standard cause?
Gold standard caused governments not to print money freely, so limiting inflation to zero
What you the standard unit of currency in Uruguay?
Uruguayan Peso.
What types of standard currency does Afghanistan use and why?
rupee
