Question

list 2 reasons why the U.S. Gold Reserve had fallen below $100 million during Grover Cleveland's Presidency.

Answer 1

The answer is There were two reasons.

Explanation:

The first one,Sherman Silver Purchase Act of 1890 :Sherman Silver Purchase Act of 1890 initiated the buy of 4.5 million of silvers to be changed into dollar money, which lessens the valuation of Gold that past viewed as a worthy substitute for paper dollar and the second one is that The administration utilizes their Gold saves with the end goal to purchase a different type of securities with the end goal to control cash dissemination in the market.

Answer 2

The two reasons are:
1. Sherman Silver Purchase Act of 1890
Sherman Silver Purchase Act of 1890 intiated the purchase of 4.5 million of silvers to be transformed into dollar currency, which reduce the valuation of Gold that previous regarded as an acceptable subtitue for paper dollar.
2. The government use their Gold reserves in order to buy various form of bonds in order to control money circulation in the market.