Goldbug, Kentucky facts for kids
Quick facts for kids
Goldbug
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 Goldbug
Location in Kentucky
Goldbug
Location in the United States
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| Country | United States |
| State | Kentucky |
| County | Whitley |
| Elevation | 1,122 ft (342 m) |
| Time zone | UTC-5 (Eastern (EST)) |
| • Summer (DST) | UTC-4 (EST) |
| GNIS feature ID | 512337 |
Goldbug is a small, quiet place located in Whitley County, Kentucky, in the United States. It is known as an unincorporated community. This means it doesn't have its own city government or mayor. Instead, it's managed by the larger county government.
Contents
The History of Goldbug
The community of Goldbug has a unique name with an interesting story. It tells us a bit about American history.
When Goldbug Got Its Name
A post office was first opened in Goldbug in the year 1896. This was a very important time in the United States. The name "Goldbug" is thought to come from events happening during that year.
The Gold Standard Debate
The name "Goldbug" likely refers to people who supported the "gold standard." This was a big topic during the 1896 United States presidential election.
What Was the Gold Standard?
The gold standard was a system where the value of a country's money was directly linked to a certain amount of gold. For example, a dollar might be worth a specific weight of gold.
Why Was it Important in 1896?
In 1896, there was a big debate in the U.S. about money. Some people, called "Goldbugs," believed the country's money should only be backed by gold. They thought this would keep the economy stable. Others wanted money to be backed by both gold and silver. This was a major issue in the presidential election that year. The name "Goldbug" for the community likely honored those who supported the gold standard.
