— Published: Thursday, 28 April 2016 | Print | Disqus
A Monday Morning Absorption from Mickey the Mercenary Geologist
In today’s musing, I analysis the history of gold, silver, and authorization bill as money in the United States of America. I certificate how assorted wars, panics and depressions, Congressional acts, and controlling orders acquire afflicted the US dollar prices of adored metals and consistent gold-silver ratios.
This absorption covers the aeon from 1792 back the United States government aboriginal accustomed a civic bill backed by gold and argent until August 1971 back Nixon floated the US dollar adjoin gold and apple currencies.
In a consecutive musing, I will certificate the almanac of gold-silver ratios in the amphibian authorization bill bazaar from backward 1971 to the present.
Let’s analysis the history of gold and argent as money in the United States of America from 1792 until 1971. This 179-year history is abundantly a almanac of government attempts to ascendancy the accumulation and appeal of argent and its US dollar bulk in affiliation to the set bulk for gold.
Note that gold and/or argent were frequently acclimated as absolute budgetary instruments or “specie” by
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