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	EH.Net Encyclopedia: Bimetallism
		The relative market values of gold to silver at that time were 15:1, and the legal tender value of the silver dollar was $1 and of the Eagle was $10, reflecting their relative values (ten silver Dollars would contain 3712.5 grains of silver, which is 15 times the 247.5 grain weight of the gold Eagle).
		The price of gold and silver were determined by their relative supply and demand (both monetary and non-monetary) and this determined the stock of money and the general price level.
		Although the gold standard was entrenched by 1880, during the last two decades of the nineteenth century, there were attempts in both the US and Europe to return to bimetallism.
	eh.net /encyclopedia/article/redish.bimetallism (1420 words)

	Gold standard - Open Encyclopedia (Site not responding. Last check: 2007-11-04)
		The gold standard may also be viewed as a monetary system in which changes in the supply and demand of gold determine the value of goods and services in relation to their supply and demand.
		Typically under a gold standard, the physical transport of gold becomes cumbersome for popular use, and so bank notes (which may be either issued privately or by government) to pay in gold at a later date, circulate.
		Bryan argued against the gold standard in his Cross of gold speech in 1896, comparing the gold standard (and specifically its effects on western farmers) to the crown of thorns worn by Jesus Christ at his crucifixion.
	open-encyclopedia.com /Gold_standard (5588 words)

	Don't Fix the Price of Gold
		When the return to a gold standard comes up as a realistic alternative, savers in the United States will find out that most of their life savings denominated in dollars is gone, and debtors will realize that there is no way for them to escape from the deadly clutches of debt short of declaring bankruptcy.
		After the Resumption of 1879 it enacted the Gold Standard Act of 1900 which was supposed to undo the questionable legacy of the Greenback Era for once and all, after a thorough public debate on the merits and demerits of the gold standard.
		The gold coin was the ballot paper with which wage earners cast their vote of confidence or non-confidence concerning the performance of the captains of industry.
	www.silverbearcafe.com /private/priceofgold.html (4830 words)

	Gold standard - ArtPolitic Encyclopedia of Politics : Information Portal
		In fact, governments abandoned the gold standard because it worked precisely as it was supposed to: it prevented governments and their central banks from surreptitiously diverting wealth from its rightful owners to themselves.
		The primary effect of a gold standard is to limit inflation and deflation, since it prevents unlimited government deficit spending[?].
		The gold standard, as with any specie money, is a currency mechanism in which the amount of circulating currency is not based on government whim, but on the production of intrinsic value in the economy.
	www.artpolitic.org /infopedia/go/Gold_standard.html (1102 words)

	Gold Facts - Website Title
		Gold occurs in association with ores of copper and lead, in quartz veins, in the gravel of stream beds, and with pyrites (iron sulfide).
		The gold in the veins may be of microscopic particle size, in nuggets or sheets, or in gold compounds.
		The original gold standard was gradually abandoned (the United States stopped minting gold coinage in 1934), and the dollar eventually emerged as the principal unit of international monetary transactions.
	www.goldmartinc.com /goldfacts.asp (2361 words)

	Bimetallism Revisited
		Gold to be used as part of a monetary standard must also be defined in terms of another equally valid currency, silver in this case, and not simple picture paper and token metal coin that any central bank can produce in unlimited quantities, as now occurs.
		The concept of a gold standard is thus a straw man, a red herring, and a phoney issue.
		The standard that was restored, however, was gold because silver, the undervalued currency under the bimetallic standard established by the Constitution in 1789, had been driven out of the U.S. by the mid-1850s and the Coinage Act of 1873 ("the Crime of '73") had demonetized the standard silver coin.
	www.gold-eagle.com /editorials_05/bird110705.html (1749 words)

	America's Debate -> Abandoning the Gold Standard
		A true gold standard came to fruition in 1900 with the passage of the Gold Standard Act.
		A gold standard subjects a country to the vagaries of the gold-market, is generally deflationary, and encourages mercantilism.
		The gold standard, as explained, is tying the value of currency to the value of a commodity.
	www.americasdebate.com /forums/index.php?showtopic=9484 (1828 words)

	NOVA Online \| Secrets of Making Money \| The History of Money \| PBS
		Gold was officially made the standard of value in England in 1816.
		In the United States, the Gold Standard Act was officialy enacted in 1900, which helped lead to the establishment of a central bank.
		In the United States, the gold standard was revised and the price of gold was devalued.
	www.pbs.org /wgbh/nova/moolah/history.html (799 words)

	Gold Standard (Site not responding. Last check: 2007-11-04)
		Britain adopted a formal gold standard in 1821 at the end of the Napoleonic wars, after the introduction of the Sovereign as the main circulating coin.
		Although attempts were made to revive the gold standard during the 1920s, gold coin circulation was limited and many central banks began to keep part of their reserves in key currencies, such as sterling or dollars, which they could still exchange for gold.
		Britain went on the gold bullion standard in 1926, which had a fixed gold price (still £4.4.11 ½d per troy ounce, as in 1717) but notes were not convertible into gold coin and could be exchanged only for 400 ounce good delivery bars.
	www.pamp.com /gold_c/Info_site/in_glos/in_glos_goldstandard.html (483 words)

	The gold standard is a better monetary system.
		The new banknotes are not backed up by actual gold reserves, but he can get away with this because only a percentage of the note-bearers come in on a given day asking for their gold.
		After the war, England returned to a fiduciary gold system, although people were not allowed to cash in their notes for gold unless it was for very large amounts, usually for international trade.
		But if a workable gold standard requires a tremendous amount of design, effort, regulation and safeguards, we might as well use fiat money, which is already simple and enjoys a successful track record.
	www.huppi.com /kangaroo/L-gold.htm (4805 words)

	Gold as an Investment (Site not responding. Last check: 2007-11-04)
		The disruptions of the Depression led to the Gold Reserve Act of 1934, which stipulated that gold could not be used as a medium of domestic exchange and made it illegal for private persons or firms to own gold bullion.
		Attempts were later made to reestablish the gold standard, but in 1970 gold backing for the dollar was completely removed when the requirement that the Treasury maintain a 25% gold backing for all Federal Reserve notes was dropped.
		In contrast to the dollar, gold's value held steady: the typical house could be bought with about the same amount of gold in 1986 and in 1975--251 versus 244 ounces.
	www.pineglen.com /g_invest.htm (1196 words)

	The Gold Standard
		A nation on the gold standard is one that uses gold as the standard of value for its currency.
		The gold standard came under bitter attack in the United States, first by the National Greenback Party in the 1870s and later by the Democrats under William Jennings Bryan, particularly in the Election of 1896.
		The gold standard prevailed in most industrialized countries, although wavering a bit during World War I, until the depression of the 1930s.
	www.u-s-history.com /pages/h753.html (494 words)

	[A-List] Truth about gold (and motives) (Site not responding. Last check: 2007-11-04)
		Bimetalism was a term coined by Cernuschi of France in 1869 to describe a monetary system in which two commodities, gold and silver, are used as a standard and minied without limit at a ratio fixed ly legislation which also designates both of them as legally acceptable for all payments, anchored by payment of taxes.
		Until the acts of 1708 anf 1816 under which ngland made gold the standard, all countries practiced bimetalism which was styrengthened by the formation in 1866 of the Latin Union, which included France, Belgium, Italy and Switzerland, join in 1873 by Greece and Rumania.
		The gold inflation was replaced by ilver inflation as the value of silver fell, a phenonoenon which supported Gresham's Law.
	lists.econ.utah.edu /pipermail/a-list/2002-June/019470.html (878 words)

	When Gold Is King
		There is a relationship between gold and silver that may have significant bearing on monetary systems of the latter part this century and beyond.
		Constantine’s replacement of the aureus with the 4.54 gram solidus represented the establishment of a true gold standard, as all of the subsidiary denominations were defined in terms of the solidus.
		In the first two instances the enhanced role for gold and reduced role for silver was temporary, and reversed during the subsequent economic decline.
	www.freebuck.com /articles/elliott/00whengoldisking.htm (3044 words)

	Gold Dollar as supplied by EagleTraders.com
		The U.S. dollar was a gold dollar from the GOLD STANDARD ACT OF 1900 to Executive Order 6102 of April 5, 1933, which terminated domestic circulation and redemption into gold, and to the GOLD RESERVE ACT OF 1934, which nationalized the nation's gold, as follows.
		Gold circulated freely in coin and in the form of gold certificates, and coinage of bullion into gold was available at the Mint.
		Gold and gold certificates played the role of "golden brake" by serving as the minimum reserve requirement specified for Federal Reserve notes and deposit liabilities.
	www.eagletraders.com /advice/securities/gold_dollar.htm (243 words)

	The History of Money - Early Monetary Regulations
		This agitation led to the passage of the Bland-Allison Act in 1878 and the Sherman Act in 1890, under which the Treasury was directed to purchase larger amounts of silver for coinage.
		The Sherman Act, which introduced into the stream of currency an enormous quantity of overvalued silver and caused a drastic decline in the gold reserve of the Treasury, helped to bring on the panic of 1893 and was repealed by Congress in that year.
		Although the coinage of silver dollars was resumed in 1878, the metallic gold dollar remained the monetary standard of value in the U.S.; thus, bimetallism was legally discontinued and the gold standard adopted.
	www.history.com /minisites/money/viewPage?pageId=52498 (876 words)

	The Gold Standard
		The Gold Standard is the monetary system with a fixed price for gold and with gold coin either forming the whole circulation of currency within a country or with notes representing and redeemable in gold has always been known as ‘the gold standard’.
		The rest of Europe, however, remained on a silver standard until the 1870s, when the great flows of gold available from the United States and Australian discoveries made it practical for it to be adopted as the main metal circulating.
		Germany switched to gold in 1871, Scandinavia in 1874, the Netherlands in 1875, France and Spain in 1876 and Russia in 1893.
	goldinfo.net /standard.html (722 words)

	Grover Cleveland and Sound Currency [Mackinac Center for Public Policy]
		So he made sure the dollar was "as good as gold." It was dishonest, he argued, for government to pay silver miners twice what their metal was worth in the open market, so he opposed the silverites of his day.
		Gold flowed into the mint, silver disappeared from general circulation, and the country found itself increasingly on a de facto gold standard.
		The twin evils of inflation and uncertainty as to the fixity of the monetary standard were laying the foundation for a major blow to the nation’s commerce.
	www.mackinac.org /8083 (4933 words)

	The Gold Standard: An Analysis of Some Recent Proposals
		Under the gold standard, the quantity of money and hence its value is determined solely by market forces, such as the demands of the public for money and the costs associated with digging up gold.
		To briefly sum up, advocacy of the gold standard is based on the view that governments are inherently inflationary institutions; therefore, the only realistic and lasting solution to the problem of inflation is to completely separate the government from money and return the latter institution to the free market whence it originally emerged.
		Under the gold standard, the monetary unit is a weight unit of gold; under Weintraub's plan, gold is not money but a reserve commodity which is supposed to restrain the creation of government fiat money.
	www.cato.org /pubs/pas/pa016.html (7716 words)

	Feb 14 The Gold Standard demanded discipline... Richard Appel 321gold
		Henceforth, under the gold standard, our politicians were to be limited in the ability to issue new banknotes by the amount of physical gold that was set aside to redeem them.
		When the gold standard was adhered to by our trading partners, gold was used to settle balance of payments deficits between countries.
		Until that time comes, gold and secondarily silver and gold and silver stocks, as well as tangibles, will be the prime beneficiaries of the termination of the gold standard.
	www.321gold.com /editorials/appel/appel021404.html (2229 words)

	World Gold Council >
		This section of the collections covers the period from the establishment of the UK gold standard in the early 19th century until the re-establishment of the gold standard after the First World War.
		Three themes are dealt with: the legal position of gold in the currency systems of the major western nations; political debates over the role of gold; and international agreements relating to gold.
		Gold and Silver Commission: 'Final Report of the Royal Commission appointed to inquire into the recent changes in the relative values of the Precious Metals; with Minutes of Evidence and Appendices'.
	www.gold.org /value/reserve_asset/history/monetary_history/vol2_index.html (485 words)

	Safe Haven \| Gold & Silver Certificates: The Story Behind The Story Part 3
		The largest amount of gold backing that ever existed for Federal Reserve Notes was 40%, and this was in 1913, the year the Federal Reserve Act of December 23, 1913 was authorized.
		It is not gold that lost its value - it is the Federal Reserve Note that lost value, and the elite moneychangers made it appear that gold was at fault: gold is their lackey - their whipping boy.
		Although not mentioned in the quoted passages under discussion, the Gold Standard Act- March 14, 1900 is most germane to the issues at hand.
	safehaven.com /article-5553.htm (2177 words)

	the silver crash of 1893
		The Gold Rush to California in 1849 resulted in such large quantities of gold found that the value of gold became less.
		Previous to this, gold was 16 times more valuable (16x more silver in a silver dollar than gold in a gold dollar).
		The passage of the Gold Standard Act in 1900 resulted in a further price drop of silver and the few remaining silver camps in Colorado were given a death blow.
	www.ellensplace.net /hcg_fac8.html (570 words)

	THE GOLD STANDARD ACT, 1900
		The legislation created a monometallic (one-metal) standard in which the gold dollar was established as the standard of value, and all other forms of currency were to he maintained at a parity with it.
		An Act to define and fix the standard of value, to maintain the parity of all forms of money issued or coined by the United States, to refund the public debt, and for other purposes.
		Whenever any silver bullion purchased under the Act of July fourteenth, eighteen hundred and ninety, shall be used in the coinage of subsidiary silver coin, an amount of Treasury notes issued under said Act equal to the cost of the bullion contained in such coin shall be canceled and not reissued.
	amstd.spb.ru /Gilded_Age/Gold_standard.htm (412 words)

	Encyclopedia: Gold Standard Act (Site not responding. Last check: 2007-11-04)
		In economics, bimetallism is a monetary standard in which the value of the monetary unit can be expressed either with a certain amount of gold or with a certain amount of silver: the ratio between the two metals is fixed by law.
		Categories: U.S. economic history 1922 U.S. gold certificate The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold.
		The Bland-Allison Act of 1878 was a response to the Crime of 73 demonetizing silver.
	www.nationmaster.com /encyclopedia/Gold-Standard-Act (305 words)

	[No title] (Site not responding. Last check: 2007-11-04)
		Gold Standard (Amendment) Act, 1931: 'A Bill, To suspend the operation of sub-section (2) of section one of the Gold Standard Act, 1925, and for purposes connected therewith'.
		Unless and until His Majesty by Proclamation otherwise directs, subsection (2) of section one of the Gold Standard Act, 1925, shall cease to have effect, notwithstanding that subsection (1) of the said section remains in force.
		This Act may be cited as the Gold Standard (Amendment) Act, 1931.
	www.gold.org /value/reserve_asset/history/monetary_history/vol3/1931sep21a.html (216 words)

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