Today in History
On Feb. 12, 1873, the U.S. Congress passed legislation removing the silver dollar from the list of coins authorized for minting; this move weakened "bimetalism" and pushed the United States toward the gold standard (which happened formally in 1900). The country left the gold standard domestically in 1933 and then internationally in 1971.
On Feb. 12, 1873, the U.S. Congress passed legislation removing the silver dollar from the list of coins authorized for minting; this move weakened "bimetalism" and pushed the United States toward the gold standard (which happened formally in 1900). The country left the gold standard domestically in 1933 and then internationally in 1971.