Question

How did the us government make the american public have confidence in the nation's currency in the 1870s?

Answer 1

The government adopted the gold standard.

Answer 2

Answer: The correct answer is : The government chose to adopt the gold standard.

Explanation: Adopting the gold standard was a commitment of all the participating countries to be able to fix the value of their national currencies referred to a specific amount of gold. The gold standard broke in the First World War. Countries could have gold, pounds or dollars as reserves, except for the United Kingdom and the United States that had only gold reserves.