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Bland-Allison Act - enyclopaedia article

Bland-Allison Act

Summary: The Bland-Allison Act of 1878 was a response to the Crime of '73 demonetizing silver. Representative Silver Dick Bland of Missouri introduced this bill for the free coinage of silver at ratio of 16:1 to gold. Senator William Allison of Iowa added a provision that limited the amount purchased to 4 million dollars per month at market prices. See also: Resumption Act Sherman Silver Purchase Act ...

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Bland-Allison Act

From Wikipedia, the free encyclopedia.

The Bland-Allison Act of 1878 was a response to the Crime of '73 demonetizing silver. Representative Silver Dick Bland of Missouri introduced this bill for the free coinage of silver at ratio of 16:1 to gold. Senator William Allison of Iowa added a provision that limited the amount purchased to 4 million dollars per month at market prices.