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The country abandoned bimetallism through the Coinage Act of 1873, widely known as “The Crime of ‘73,” by demonetizing silver as a part of the monetary system.
To understand the current situation, Thornton took viewers on a historical journey back to the era of bimetallism, when both gold and silver served as legal tender.
Once a key player in bimetallism debates and Gresham’s law, this ratio is now making headlines as it hovers near record highs—over 100 ounces of silver to one ounce of gold. Mark explores the ...
Just as the laser-eyed crypto lobby and its grassroots fans seeded Trump’s pro-Bitcoin turn on the campaign trail, bimetallism became a populist cause celebre during McKinley’s election campaign.
There are broader implications, though, stretching back to the politicisation of popular monetary crazes in the 1890s. Back then, “Silverites” — agricultural debtors struggling with falling prices — ...
Trump’s re-election reveals us to be a people who, for all our star-spangled self-regard, share the world’s damnable wish for kings and strongmen.
Hundreds of great nations, thousands of nation-states – we tend to have one currency per geographic economic state. We tend even not to have bimetallism." STORY CONTINUES BELOW ...
NEW YORK — U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said he thinks it's unlikely that bitcoin BTC $96,388.29 or other cryptocurrencies will ever be widely used as a ...
If they say bimetallism is good, but that we cannot have it until other nations help us, we reply that, instead of having a gold standard because England has, we will restore bimetallism, and then ...
Real BimetallismThe latest of the admirable series of publications issued by Messrs. G.P. Putnam's Sons, under the title of "Questions of the Day," is "Real Bimetallism," by Everett P. Wheeler ...
Britons deplored the comfort given to the heresy of bimetallism. Frenchmen applauded the President’s political savoir faire and shrugged their shoulders at the grotesque thought of bimetallism.