Asked by Jalen Barnes on May 09, 2024
Verified
McKinley reinforced his support of business by signing which act?
A) Interstate Commerce Act
B) Gold Standard Act
C) The Pension Act
D) Pendleton Civil Service Act
McKinley
Refers to William McKinley, the 25th President of the United States, serving from 1897 until his assassination in 1901.
Gold Standard Act
A U.S. law passed in 1900 that established gold as the sole basis for redeeming paper currency, effectively setting a monetary standard where the value of currency is defined in terms of gold.
Support of Business
Refers to policies or actions, typically by governments, intended to assist and promote the growth and success of the private sector.
- Comprehend the financial strategies and their outcomes in the late 19th century, encompassing currency regulations and customs duties.
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Learning Objectives
- Comprehend the financial strategies and their outcomes in the late 19th century, encompassing currency regulations and customs duties.
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