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posed--A National Currency Established: Metallic Money and
the Constitution; Hamilton's Report on the Mint--The Dollar
Recommended as the Monetary Unit: Hamilton in Favor of
Bimetallism--Gold in the Bimetallic System, 1792 to 1861--
Gold Undervalued, 1792 to 1834: American Silver Coins Forced
Out of Circulation by Defective Foreign Silver Coins--Agitation
for Monometallism--Bimetallism Continued--How the New
Ratio Worked--Bimetallism Legally Discontinued in 1873--The
Beginning of a De Facto Gold Standard--The Gold Standard in
Operation, 1879 to 1914--Declining Commodity Prices--Bi-
metallists' Criticisms of Gold Standard--In Defense of the Gold
Standard--"Doing Something for Silver": The Bland-Allison
Act; The Sherman Purchase Act, of 1890--The Gold Standard
Act of 1900.
CHAPTER IV
THE BREAKDOWN OF THE INTERNATIONAL GOLD STAND-
ARD--ITS RECOVERY AND RELAPSE 		107
The International Monetary Situation Following the Outbreak
of the First World War--Public Sentiment Strong for a Return to
Gold--The Return to Gold--Rates of Stabilization--The Gold
Standard of the Twenties--The Changed Economic Milieu--A
Changed and Weakened Gold Standard: A Gold-bullion and
Gold-exchange Standard Superseding the Gold-coin Standard; A
Postwar Gold Standard That Was Subjected to More Managing;
Inadequate Gold Reserves--The Brief Life of the Postwar Gold
Standard--The Gold Standard in the United States since 1929--
Events Leading to a New Type of Gold Standard--The New Type
of American Gold Standard.
CHAPTER V
CHARACTERISTICS OF THE GOLD STANDARD 		134
What Constitutes a Gold Standard--Definition and Explanation--
The Monetary Unit, a Fixed Weight, Not a Fixed Value--Gold
as a Money Metal--The Demand for Gold, Highly Elastic: The
Monetary Demand; the Demand for Ornamentation; The Hoard-
ing Demand--Characteristics of Gold in Its Relation to the Gold
Standard: A Fixed Price; An Unlimited Market; The Production of
Gold, Correlated Inversely with the Prices of Other Commodities--
Monetary Gold versus Gold in the Arts.

-viii-

Questia, a part of Gale, Cengage Learning. www.questia.com

Publication Information: Book Title: Gold and the Gold Standard: The Story of Gold Money Past, Present, and Future. Contributors: Edwin Walter Kemmerer - author. Publisher: McGraw-Hill. Place of Publication: New York. Publication Year: 1944. Page Number: viii.
    
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