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AP US History vocabulary list: Difference between revisions
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=== Economic & Political === | === Economic & Political === | ||
* Andrew Carnegie | * Andrew Carnegie | ||
* bimetallism | * | ||
<ul><li>{{#tip-text:bimetallism|the policy of fixing the value of silver and gold so taht if one went up or down, the relative value of the other would stay the same; in the late 19th century, bimetallism was used politically to oppose the gold standard, especially by Wm. Jennings Bryan, who more largely argued for "free silver" but used bimetallism as a supposed compromise between gold and silver, although it would essential tie Gold to the decreasing value of silver, which was Bryan[s purpose}}</ul></li> | |||
* economies of scale | * economies of scale | ||
<ul><li>{{#tip-text:Coinage Act of 1873|created the "gold standard" by prohibiting owners of silver "bullion" (raw silver) to be allowed to convert it into silver dollars (while allowing god buillion to be converted into gold dollars); the Act effectively ended Civil War paper money currency, which was inflationary}}</ul></li> | |||
* "free silver" | |||
* Grange, the | * Grange, the | ||
* hard money | * hard money | ||