This Day in Wall Street History 1897: Gold standard system to be developed

The dawn of 1897 was an auspicious time for financial planning: proponents of the gold standard had just scored a major, and lasting, victory over the silver movement, while prosperity and stability were slowly returning to the American economy. And, with these seemingly positive factors in mind, the National Monetary Conference convened in Indianapolis, Indiana, to chart the nation's fiscal course into the next century. The conference's main result was the establishment of a congressional committee charged with developing a financial system based on the burgeoning gold standard.  Source: www.history.com