Reference no: EM133321820
Assignment:
Answer the following questions:
1. Define and explain the Gold Standard, which was in effect from the beginning of the US.
2. a. When did the US go onto the Silver Standard from the Gold Standard? Give the year and the president at the time who did it.
2. b. Define and explain the Silver Standard. Give source/s.
3. a. When did the US go onto the GNP? Give the year and the president at the time who did it.
3. b. Spell out GNP acronym, define, and explain it.
4. a. When did the US go onto the GDP? Give the year and the president at the time wo did it.
4. b. Spell out the GDP acronym, define, and explain it.
5. Explain the difference between GNP and GDP.