Ad
related to: the gold standard jobs- Administrative Staffing
OfficeTeam Admin Temping Solutions.
Call A Local Staffing Manager Now!
- Remote Staffing Solutions
Make Hiring Remote Workers
One Less Thing to Worry About.
- Search Candidate
Provide Us Skills and Locations,
We Will Find Candidates for You!
- The Creative Group
Use Creative Group To Fill Your
Business' Creative Needs! Hire Now.
- Administrative Staffing
Search results
Results From The WOW.Com Content Network
The Nixon shock was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States president Richard Nixon on 15 August 1971 in response to increasing inflation.
The United Kingdom slipped into a gold specie standard in 1717 by over-valuing gold at 15 + 1 ⁄ 5 times its weight in silver. It was unique among nations to use gold in conjunction with clipped, underweight silver shillings, addressed only before the end of the 18th century by the acceptance of gold proxies like token silver coins and banknotes.
The Gold Standard Act was an Act of the United States Congress, signed by President William McKinley and effective on March 14, 1900, defining the United States dollar by gold weight and requiring the United States Treasury to redeem, on demand and in gold coin only, paper currency the Act specified. [1]
Advocates of the gold standard attributed the decline to advances in production and transportation. The late 19th century saw divergent views in economics as the laissez-faire orthodoxy was questioned by younger economists, and both sides found ample support for their views from theorists.
The Gold Clause Cases were a series of actions brought before the Supreme Court of the United States, in which the court narrowly upheld the Roosevelt administration's adjustment of the gold standard in response to the Great Depression.
AOL latest headlines, news articles on business, entertainment, health and world events.
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States."
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!