In a dramatic decision in national politics, on Mar. 14, 1900, President William McKinley ratified the Gold Standard Act, making all U.S. currency backed by gold. This was an influential act in the growing influence of the Republican National Party, and made the issue of bimetalism more prominent in the United States.
Today In History- March 14
The Gold Standard Act is ratified, placing United States currency on the gold standard.
U.S. currency backed by gold in passage of Gold Standard Act.
- Washington D.C., USA
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