The gold standard, which the United States had effectively been on since 1873, limited the money supply but eased trade with other nations, such as the United Kingdom, whose currency was also based on gold.
Guldstandarden, som USA hade haft sedan 1873 medförde en snålt tilltagen penningmängd, men smörjde handeln med andra länder, främst Storbritannien, som också hade valutan kopplad till guld.