Between the years 1879 and 1900 America was on a de facto gold standard. Which of the following statements is not true about the 20-year period that preceded these years?

Question

Quizplus · Accepted Answer

During the period preceding 1879, the United States experienced a policy of money contraction, efforts to resume gold payments, and concerns about the gold stock due to international trade dynamics. However, the nominal money supply did not grow faster than the population growth rate; instead, the era was characterized by monetary contraction and deflation, making statement A incorrect.

Between the Years 1879 and 1900 America Was on a De