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In the course of this period of rebuilding, there was debate around the bimetallic standard. Some advocated making use of just silver to back again the dollar, Some others advocated for gold. The problem was fixed in 1900 when the Gold Regular Act was handed, which created gold the only real backing for the dollar.

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Confederate bucks, issued via the seceding states through the 1860s, adopted the destiny in the Confederacy and ended up worthless by the end in the war.

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Commodity money solved these issues. Commodity money is actually a form of excellent that functions as currency. Within the seventeenth and early 18th generations, by way of example, American colonists used beaver pelts and dried corn in transactions.

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