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What was a law of 1878 required the treasury to include an amount of silver into the money supply of the US in the form of silver coins?
Wiki User
∙ 10y ago
The Bland-Allison Act was an 1878 act of Congress that required the U.S. Treasury Department to buy domestic silver to resume striking silver One Dollar coins for circulation.
Wiki User
∙ 10y ago
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Why do some us currency have pay to the bearer?
At one time some paper money was required to be backed with an equivalent amount of silver or gold in the treasury. You could take the bill to a bank or some other exchange location and receive that amount in precious metal. When coins were silver, it was the same as getting coins today, but there were also places where you could get a small container of metal bullion.
How do you get the locked chests in Fable 2?
You find the amount of Silver Keys required to open it.
If you go to the bank with a silver certificate will they give you a silver dollar for it?
No. Redemption of silver certificates was halted in the 1960s, when the price of silver was deregulated and the US stopped backing its money with precious metals. The government could no longer guarantee a fixed amount of silver for each dollar, and in fact the Treasury's stockpile of silver was sold off.
What drug was draining the Chinese treasury of silver?
Opium
Which drug was blamed for the Chinese treasury of silver?
opium
Does the bank have to give you silver for a 1 dollar silver certificate?
No. Redemption of silver certificates for silver metal was halted in 1968, when the price of silver was deregulated and the US stopped backing its money with precious metals. The government could no longer guarantee a fixed amount of silver for each dollar, and in fact the Treasury's stockpile of silver was sold off.
Amount silver in us coins?
Please be more specific in your Q. Please include denomination and date.
The sherman silver purchase act of 1890?
Sherman Silver Purchase Act, 1890, passed by the U.S. Congress to supplant the Bland-Allison Act of 1878. It not only required the U.S. government to purchase nearly twice as much silver as before, but also added substantially to the amount of money already in circulation. The Sherman Silver Purchase Act (supported by John Sherman only as a compromise with the advocates of free silver) threatened, when put into operation, to undermine the U.S. Treasury's gold reserves. After the panic of 1893 broke, President Cleveland called a special session of Congress and secured (1893) the repeal of the act.
Did the treasury stike silver dollars in 1943?
No. The last silver 1 dollar coin was issued in 1935.
Jacksons treasury department decree that required all public lands to be purchased with hard money?
The Specie Circular was an 1836 executive order by President Andrew Jackson. This decree required payment for all public lands in gold and silver.
Which drug was blamed for draining the Chinese treasury of silver?
opium
Which drug that was blamed for draining the Chinese treasury of silver?
OPIUM
