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The early U. used a bi-metallic money system of gold and silver. Under this system: -The government was able to earn profits by selling gold....
The early U.S. used a bi-metallic money system of gold and silver. Under this system:
-The government was able to earn profits by selling gold.
-American coins were not accepted in England.
-The amount of money in circulation increased every year.
-Only one metal usually ended up circulating at one time.