The Gold Standard (dec 30, 1869 – dec 10, 1879)
Description:
Despite the government issuing reforms, money and banking problems still plagued the country. The nation adopted a gold standard, a monetary system in which paper money and coins had the value of certain amounts of gold. The government couldn't print notes for gold they didn't have, so it balanced the economy.Added to timeline:
Date:
dec 30, 1869
dec 10, 1879
~ 9 years and 11 months