Gold Standard Supporters

Definition

Gold standard supporters advocated for maintaining a monetary system where currency values were directly tied to gold reserves held by national banks.

Related terms

Silverites: A group of people who believed in using silver as a basis for currency, challenging the gold standard supporters' position.

Bimetallism: A monetary system that allows for both gold and silver to be used as the basis for currency.

Cross of Gold Speech: A famous speech by William Jennings Bryan advocating for the use of silver instead of gold, opposing the gold standard.