Why Is the Currency Act of 1900 Significant

question 95

Multiple Choice

Why is the Currency Act of 1900 significant?

• A) It committed the United States to the gold standard.
• B) It marked the first time the United States developed a uniformed currency.
• C) It prohibited the United States from running a deficit greater than 3 percent of the GNP.
• D) It established the one dollar, five dollar, and ten dollar bills.
• E) It increased the amount of silver in circulation by $5 million.

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Definitions:

Assumption of the Risk

A legal theory in personal injury cases where the plaintiff is considered to have voluntarily accepted a known risk associated with an activity or condition, possibly limiting the defendant's liability.

Comparative Negligence

A principle of tort law that compares the negligence of the conflicting parties and apportions damages accordingly.

Res Ipsa Loquitur

A Latin term that means "the thing speaks for itself," used in tort law to refer to cases where the negligence is inferred from the nature of the accident.

Actual Cause

The true reason an event occurred, which directly led to the damage or injury, forming a basis for establishing legal liability.