On the record
Gold has been the accepted money standard, but the practice, since the depreciation of our country’s credit, has, to all intents and purposes, reduced it to a mere commodity.
Said by
Victoria C. Woodhull
Source
gutenberg.orgVictoria C. Woodhull: “Gold has been the accepted money standard, but the practice, since the depreciation of our country’s credit, has, to all…”
Editor's note · Context
Woodhull discusses the changing perception of gold as a monetary standard due to economic conditions.
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