The U.S. monetary system is based on paper money backed by the full faith and credit of the fed. gov't. The currency is neither valued in, backed by, nor officially convertible into gold or silver. Through much of its history, however, the U.S. was on a metallic standard of one sort or another. On occasion, there are calls to return to such a system. Such calls are usually accompanied by claims that gold or silver backing has provided considerable economic benefits in the past. This report reviews the history of the GS in the U.S. It clarifies the dates during which the GS was used, the type of GS in operation at the various times, and the statutory changes used to alter the GS and eventually end it. It is not a discussion of the merits of the GS. A print on demand oub.

The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)

Committee Serial No. 1 -- Part.3. Contains letters of transmittal from Senator Key Pittman and S. P. Gilbert,Jr., Acting Secretary, Treasury Dept.

Contents: Serial 1, pt. 1-6. Silver purchases under the Pittman Act. Hearings before a subcommittee of the Commission of Gold and Silver Inquiry, United States Senate, Sixty-seventh Congress, fourth session. May 29-July 18, 1923. 1923. pt. 7. Silver purchases under the Pittman Act ... September 4, 1923. Reply of comptroller general on revocation of allocations. 1924.