The Treasury Department would buy the silver with new paper money that could be exchanged for silver or gold.

VOA: special.2010.06.17

Everyone wanted gold. They took their paper money and their silver to the government and exchanged them for gold.

VOA: special.2010.06.17

All of them produced large amounts of paper money -- many times the amount they could exchange for gold or silver.

VOA: special.2009.01.01

He noted how people throughout the nation had been exchanging their paper money and silver for gold.

VOA: special.2010.06.24

The government would pay for the silver with paper money -- treasury notes -- which could be exchanged for gold or silver money.

VOA: special.2010.06.03

Some banks,however, did not have enough gold to support all the paper money they offered.

VOA: special.2009.11.08

It refused to accept the notes, or paper money, of these banks, unless the state banks were ready to exchange the paper for gold or silver money.

VOA: special.2009.01.01

The banks stopped honoring their promises to exchange their paper money for gold.

VOA: special.2009.01.01

This made it necessary for speculators to exchange their paper notes for gold.

VOA: special.2009.01.01

He noted that every major nation supported its paper money with gold.

VOA: special.2010.07.01

Paper money was used to represent a nation's gold and silver holdings.

VOA: special.2010.06.17