Which of the following is true of the $100 million gold reserve that the federal government kept on hand?
A. It gave investors at home and abroad confidence in the nation's economic stability.
B. It was the lowest amount required to meet the government's obligations.
C. It was the result of farmers' demands that they be paid for all purchases by the government in gold.
D. It fluctuated so much in price that by 1893 people had lost faith in it.
Answer: A
You might also like to view...
The House of Representatives chose John Quincy Adams as the winner of the 1824 election when __________
A) he agreed to revise the tariff of 1820 B) he named Andrew Jackson as his secretary of state C) William H. Crawford withdrew from the contest D) Henry Clay gave him his support
The appearance of Charlotte Woodward at the Seneca Falls Convention indicates that:
A) only upper class women were attracted to the movement. B) Progressive Quakers dominated the movement. C) poor farm girls shared in the desire for reform. D) free blacks as well as whites attended.
The foundation of Cluny led to the emergence of the principle of __________.
A. the separation of church and state B. papal supremacy C. German aggression D. a contemplative life as the European ideal
In the election of 1800, Thomas Jefferson and Aaron Burr received an equal number of electoral votes
Indicate whether the statement is true or false