what is gold standard and what was his role in setting it?
The standard economic unit of account is based on a fixed quantity of gold. Thomas Bayard was a staunch supporter of the gold standard and an opponent of greenbacks and silver coinage which he believed would cause inflation.
Thomas F. Bayard
His conservatism extended to financial matters as he became known as a staunch supporter of the gold standard and an opponent of greenbacks and silver coinage which he believed would cause inflation.
who was thomas f. bayard? An American lawyer, politician and diplomat from Wilmington, Delaware which institution did he study law from? He read law at his father's office being a politician, did he have any contribution in reconstruction? He voiced opposition to the majority party's plans for reconstructing the South.
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Thomas F. Bayard [SEP] Introduction
A Peace Democrat during the Civil War, Bayard spent his early years in the Senate in opposition to Republican policies, especially the Reconstruction of the defeated Confederacy. His conservatism extended to financial matters as he became known as a staunch supporter of the gold standard and an opponent of greenbacks and silver coinage which he believed would cause inflation. Bayard's conservative politics made him popular in the South and with Eastern financial interests, but never popular enough to obtain the Democratic nomination for President which he attempted to win in 1876, 1880 and 1884. In 1885, President Cleveland appointed Bayard Secretary of State.