Category Silver Becomes a Commodity: The 20th Century Transformation

By the mid-20th century, silver’s role in the U.S. monetary system was coming to an end, marking a significant shift in its status from a monetary metal to a commodity. While silver had historically been a foundation of U.S. currency,…

By the mid-20th century, silver transitioned fully from a monetary metal to a commodity, marking a dramatic shift in its role within the global economy. For centuries, silver had been a foundation of trade, currency, and wealth storage, but after…