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What were the effects of financial panics and economic downturns on the developing perspectives of the economy and labor?
What were the effects of financial panics and economic downturns on the developing perspectives of the economy and labor?
Financial Panics
Financial Panics
Choose 3 banking panics from the article and tie it to another event during the current period of study. Be prepared to confer with your table group and share your work on the board.
Banking Panics of the Gilded Age.pdf
📜 The U.S. began with a bimetallic standard defining the dollar in terms of both gold and silver.
⏳ The gold standard became the primary system after various legislative adjustments in the 19th century.
💵 The introduction of legal tender paper money during the Civil War marked a shift towards a fiat monetary system.
🏛️ The establishment of the Federal Reserve in 1913 helped support the paper money system under the gold standard.
🌍 The gold standard officially ended in 1933 when the U.S. halted the convertibility of notes into gold.
📉 The U.S. tried to maintain a quasi-gold standard until the late 1960s, leading to further abandonment of gold ties.
🚫 All official links of the U.S. dollar to gold were severed in 1976.
Click or tap the icon for the reading.
"Capital and Labor"
"Capital and Labor"
How did industrialization remake the American economy?
How did industrialization affect American workers?
How did Social Darwinism shape many Americans’ attitudes toward inequality? [Lesson 5]
How did American workers attempt to improve their condition?
How did workers’ and farmers’ movements shape American politics?
Skills Packet
Skills Packet
"Turning Points: Chinese Exclusion ... "
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