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apr 20, 1895 - Gold reserve reaches $41 mill (Feb 1894)

Description:

(Feb 1894) - gold reserve sank to $41 mill → US was in danger of going off gold standard → would make currency volatile & hurt international trade; Cleveland floated 2 Treasury bond issues (1894) = $100 mill total but endless-chain operation continued

Added to timeline:

APUSH 2 - unit 1

Byabcd
28 Oct 2018
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1709

Date:

apr 20, 1895
Now
~ 130 years ago
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