On this day: March 14

POSTED: 11:54 AM PST Mar 08, 2013    UPDATED: 11:00 PM PDT Mar 13, 2013 

America's first town hall meeting is held, Eli Whitney patents his cotton gin, Pan Am is incorporated, and JFK's body is moved to a permanent memorial, all on this day.

OTD March 14 - Gold Standard
6 / 27
Public domain

1900: The Gold Standard Act is signed into law by President William McKinley, establishing gold as the only standard for redeeming paper money in the United States. Previously the country had used a bimetallism standard, which had allowed silver instead of gold.

Advertisement

Most Popular

Advertisement