U.S. History

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Llewellyn H. Rockwell Jr.

In a truly free society, it wouldn't matter who the president was. We wouldn't have to vote or pay attention to debates. We could ignore campaign commercials. There would be no high stakes for ourselves, our families, or the country. Liberty and property would be so secure that we could curse him, love him, or forget about him.

Thomas J. DiLorenzo

The Gold Standard Act of 1890, which officially established the gold standard in America, was the culmination of a twenty-year battle between inflationists, who favored unlimited government purchase of silver (the "Free Silver" movement), and the advocates of sound money based on the gold standard. The inflationists were led by Senator John Sherman, author of the 1890 Sherman Silver Purchase Act (as well as the monopolistic Sherman Antitrust Act), brother of Gen. William Tecumseh Sherman.