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Gold Standard Act
The McKinley Administration, 1900
The Gold Standard Act was the pinnacle of Republican monetary conservatism, making gold the standard for all of the nation’s currency. The Treasury was required to maintain a minimum of $150 million in gold reserves and the price of gold was set at $20.67 per ounce.
The measure was actually anticlimactic. The agitation for silver had dropped sharply as the depression of the 1890s had waned and as new discoveries of gold had been made in the Klondike, South Africa and Australia.
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Gold Standard Act- March 14, 1900 ... Gold Standard Act- March 14, 1900 An Act To define and fix the standard of value, to maintain the panty of all forms of money issued or coined by the United States, to refund the public debt, and for other purposes. Be it enacGold Standard Act- March 14, 1900 An Act To define and fix the standard of value, to maintain the panty of all forms of money issued or coined by the United States, to refund the public debt, and for other purposes. Be it enacted . ., That ... http://www.historycentral.com/documents/GoldStandard.html
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