Question

In the united states, bimetallism was adopted by the coinage act of 1792 and remained a legal standard until 1873,

a. when congress dropped the silver dollar from the list of coins to be minted.
b. when congress dropped the twenty-dollar gold piece from the list of coins to be minted.
c. when gold from the california gold rush drove silver out of circulation.
d. when gold from the california gold rush drove gold out of circulation.

Answer 1

a

Step-by-step explanation:

The Coinage Act of 1792 established bimetallism as the monetary standard for the United States, allowing both gold and silver to be used as legal tender for payments of debts. The act also authorized the minting of several types of coins, including silver dollars, which were heavily used in commerce at the time. However, in 1873, Congress passed the Fourth Coinage Act, which dropped the silver dollar from the list of coins to be minted, effectively ending bimetallism in the United States. This act was also known as the "Crime of '73" by those who believed it was a deliberate attempt to favor the interests of gold producers over silver producers.

Answer 2

Answer:The correct answer is a. when Congress dropped the silver dollar from the list of coins to be minted.

Step-by-step explanation:

The Coinage Act of 1792 established bimetallism as the monetary system in the United States, which meant that both gold and silver were used to back the currency.