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Silver—which, until 1873, had been on an equal footing with gold—became a secondary currency metal used mostly by periphery countries. The monetary impact was stark. Between 1873 and the end of the ...
The Crime of 1873 refers to dropping silver dollars from official coinage by act of Congress in that year, setting the stage for the adoption of the gold standard in the U.S.
In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been prevalent in most German states until then. The reform sparked a series of steps in ...
"If one state recognizes gold as a valid currency, I think it would embolden people not just in other states but in Washington," he said. The U.S. used the gold standard from 1873 until 1933, when ...
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