The Gold Standard and Cryptocurrency

In the nineteenth century in the united states, the gold standard was a kind of defacto monetary standard. The idea being that money supply was rooted in something very physical like gold. And it wasn't always necessary to make more money without also having an accompanying amount of gold. In 18 96, william mc kinley actually ona election in 18 96 with the gold as a big part of his platform. He proposed adding silver into the monetary supply as a way of increasing liquidity. Then in addition in 13, you had the federal reserve created after there was a effort to temporarily suspend the gold standard. Now we have our current monetary system based on fiot currency which really laid the groundwork