what was the main idea behind the gold standard during the late 19th century? backing the us dollar with…
what was the main idea behind the gold standard during the late 19th century? backing the us dollar with silver only backing the us dollar with foreign currency backing the us dollar with gold only backing the us dollar with gold and silver
Answer
Brief Explanations:
The gold - standard system in the late 19th century meant that a country's currency was directly convertible to a fixed amount of gold. So, the main idea was to back the currency (in this case, the US dollar) with gold only.
Answer:
C. Backing the US dollar with gold only