events
Gold standard: The U.S. Congress repeals the requirement for a gold reserve to back US currency.
Related Wikipedia articles
Gold standard
Monetary system based on the value of gold
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944…Source: Wikipedia (CC BY-SA)
United States Congress
Bicameral legislature of the United States
The United States Congress is the legislative branch of the federal government of the United States. It is a bicameral legislature, including a lower body, the U.S. House of Representatives, and an upper body, the U.S. Senate. They both meet in the United States Capitol in…Source: Wikipedia (CC BY-SA)
United States dollar
Currency of the United States
The United States dollar is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and…Source: Wikipedia (CC BY-SA)