Sir Isaac Newton Put England on the Gold Standard When

question 91

Multiple Choice

Sir Isaac Newton put England on the gold standard when he

• A) declared, as master of the English mint, that he would sell gold for 1 lb., 1 shilling, 1 pence, under the law of one price.
• B) set a market price for gold, the British pound and the U.S. dollar.
• C) established a fixed equivalency between gold and the British currency.
• D) brought the matter to Queen Anne, who declared Britain would follow the gold standard.

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