Paul Sorrells

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In reality, the gold standard was neither ancient nor natural. Both the international gold standard and American dependence on a fiat currency were new and revolutionary. The British, who formally adopted the gold standard in 1819, were virtually alone until the 1860s when others followed. Like the United States, most nations had previously relied on various forms of bimetallism or silver-backed currencies.
The Republic for Which It Stands: The United States during Reconstruction and the Gilded Age, 1865-1896 (Oxford History of the United States)
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