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To the founding fathers real money had to be gold or silver. Unbacked paper money was temporary ways to raise money for the government, by making people pay taxes with them, basically like government bonds. At most you use it for internal trade. To trade with other nations, you needed hard money based on gold or silver. There was no debate about this in the ...


Basically, the Pseudohistory Channel or whoever you heard this from is simply wrong. Rather than a gold standard, the framers of the US Constitution tried to introduce a bimetallic standard - that is, a monetary standard based on both gold and silver. The Constitution states: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters ...

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