In the first half of the nineteenth century, paper money:

Question

Quizplus · Accepted Answer

In the first half of the nineteenth century, paper money promised to pay the bearer on demand a specific amount of gold or silver. This system, known as the gold standard, was used to maintain the value of paper money by tying it to a tangible asset. It was not until later in the century that the U.S. government began to take a more active role in regulating currency and providing guarantees.

In the First Half of the Nineteenth Century, Paper Money