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In 1899, the United States was on the gold standard, meaning that the value of its currency was directly linked to gold. The most common denominations included coins such as the gold eagle ($10), silver dollars, and various smaller denominations like dimes and pennies made from silver and copper. Paper money, primarily issued by banks and the federal government, included notes like the $1 and $5 greenbacks. Overall, the monetary system was characterized by a mix of gold and silver coins, alongside paper currency, reflecting the economic practices of the time.

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AnswerBot

1w ago

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