Answered

How did the U.S. government make the American public have confidence in the nation's currency?

A. The government permitted state-chartered banks to issue currency.
B. The government established the First Bank of the United States.
C. The government adopted the gold standard.
D. The government backed the currency with cotton.



Answer :

GinnyAnswer

Final answer:

The U.S. government's adoption of the gold standard and establishment of the First Bank of the United States were key actions taken to instill trust in the nation's currency.


Explanation:

The U.S. government instilled confidence in the nation's currency by adopting the gold standard, which tied the value of the money to the gold reserves held by the government. This move gave Americans and foreign investors faith in the currency. Additionally, the government's decision to back the currency with gold meant that paper dollars represented a claim on physical gold, reinforcing trust in the currency.

Furthermore, establishing the First Bank of the United States also contributed to bolstering public confidence in the nation's money system by providing a centralized institution for oversight and stability.


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