1 jan 1900 ano - Gold Standard Act

Descrição:

Gave the USD value in comparison to gold. While people continued to use paper notes, they were now redeemable for gold from the Treasury. It made citizens feel more secure about their money since gold is a scarce resource, but, for that reason, it could cause slow economic growth if enough people drained gold from the Treasury. This was abandoned in 1935 and again in 1971.

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