The Critics of the Decision to Discontinue the Coinage of Silver

question 10

Short Answer

The critics of the decision to discontinue the coinage of silver called that decision the "________ of '73."

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Definitions:

Ideology

An arrangement of concepts and standards, mainly one that supports the structure of political or economic theories and policies.

Monetary Bailouts

Financial assistance provided to a failing business or economy to save it from collapse.

Laissez-Faire Approach

An economic principle advocating minimal government intervention in the marketplace and allowing private sector freedom in economic decisions.

Natural Selection

The biologically based principle that environmental pressures allow certain beneficial traits to be passed on to future generations.