The Mint Act of 1792,following the ideas of Thomas Jefferson and Robert Morris,set the U.S.up as

Name: The Mint Act of 1792,following the ideas of Thomas Jefferson and Robert Morris,set the U.S.up as
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The Mint Act of 1792 established a bimetallic standard in which both gold and silver were accepted as legal tender at a fixed rate of 15 units of silver being equal to 1 unit of gold. This meant that both gold and silver would be used to back the U.S. currency.

The Mint Act of 1792,following the Ideas of Thomas Jefferson