By the time the Revolutionary War had been won by the American colonists,the monetary(货币的)system was in a state of total confusion.To change this situation,the new Constitution of the United States,approved in 1789,allowed only Congress to issue money.The individual states could no longer have their own money supply.A few years later,the Coinage Act of 1792 made the dollar the official currency of the United States and put the country on a bimetallic(双金属的)standard.In this bimetallic system,both go1d and silver were legal money,and the rate of exchange of silver to gold was fixed by the government at sixteen to one.
28.The reason why England kept money out of America was that______
A.America had to trade only with England
B.American colonies could have their own coins
C.the colonists wanted to save the money for their own country
D.too much paper money in use would lead to the decrease of value
29.What happened to the American monetary system during the Revolutionary War?
A.Individual states were not allowed to issue money.
B.The Continental Congress issued g01d and silver coins.
C.American money replaced trade-in goods and foreign coins.
D.So much paper money was in use that it almost lost its value at last:
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