When analyzed and comprehended, the idea of a gold basis will forever depart from all progressive minds, and the impetus the new money system will thereby receive will never be checked until its science is developed into general national practice.
Victoria C. Woodhull: “When analyzed and comprehended, the idea of a gold basis will forever depart from all progressive minds, and the impetus…”
Editor's note · Context
Woodhull predicts that the idea of a gold standard will fade as progressive minds embrace a new money system.
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In this way, labor may hope to arise from its present position of degradation to sit side by side with capital in all public and profitable positions and those of honor and trust.
Whatever may have been the arguments favorable for the continuance of the institution of slavery, the destruction of it has rendered them nugatory, and but few of those who once used them could now be found to favor its resurrection.
This conclusion rouses the spirit of independence in the laborer, and he determines to redress his wrongs.
With its destruction the lives of two great political parties passed away, and left the people with no distinct lines of demarkation.