Gold Standard Act - When Owning Gold Was Illegal in America: And Why It Could Be Again | HuffPost
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Gold Standard Act - When Owning Gold Was Illegal in America: And Why It Could Be Again | HuffPost . This entry about gold standard act, 1900 has been published under the terms of the creative commons attribution 3.0 (cc by 3.0) licence, which. Gold standards are considered to regulate the money outflow and inflow in the country. The gold standard act of the united states was passed in 1900 (approved on march 14) and established gold as the only standard for redeeming paper money, stopping bimetallism (which had allowed silver in exchange for gold). In the year 1900, there was an act that was passed, and the name of the act was the gold standard act 1900. The gold standard act of the united states was passed in 1900 (approved on march 14) and the act made the de facto gold standard in place since the coinage act of 1873 (whereby debt holders. The appeal of a gold standard is that it arrests control of the issuance of money out of the hands of imperfect human beings. A