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newmisty

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Ok which one of you owns this truck?

 

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==Free silver became increasingly associated with populism, unions, and the fight of ordinary Americans against the bankers, railroad monopolists, and the robber barons and was referred to as the "People's Money"=

Gold was portrayed as the money of "exploitation" and "oppression".
 

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The Gold Standard Act (1900) established gold as the only standard for redeeming paper money, ending Silver as a monetary metal.

The act established the US Dollar as 23.22 grains of Gold.

The US Dollar was previously set as 371.25 grains of Silver.
 

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The presidential election of 1896 was between Silver advocate William Jennings Bryan & Gold Standard supporter William McKinley.

According to Milton Friedman, the populist rhetoric of Bryan made sense because a gold standard in a world with a gold shortage is bad monetary policy
 

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The Aldrich–Vreeland Act (1908) established the National Monetary Commission to investigate and propose legislation to regulate banking.

Senator Nelson Aldrich, te chairman of the National Monetary Commission, went to Europe for 2 years to study banking systems.
 

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I prefer the Coinage Act of 1792.



The Gold Standard Act (1900) established gold as the only standard for redeeming paper money, ending Silver as a monetary metal.

The act established the US Dollar as 23.22 grains of Gold.

The US Dollar was previously set as 371.25 grains of Silver.
 

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