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The Bland-Allison Act of 1878 required the U.S. government to purchase and coin a specified amount of silver each month, specifically 2 million to 4 million ounces. This legislation aimed to increase the money supply and promote inflation, benefiting farmers and debtors who were struggling with deflation. The act was a response to the growing demand for the free coinage of silver and was part of broader monetary debates in the post-Civil War era.
What else can I help you with?
What was called for the government purchase of two million dollars of silver each month?
Bland-Allison Act
Which of these called for the government purchase of two million dollars of silver each month?
Bland Allison Act. ALS(:
What was the purpose of bland-Allison act?
cause inflation
What was the result of the Bland Allison Act?
President Hayes vetoed the legislation.
What pieces of legislation represent an attempt to expand the money supply?
Bland-Allison Act
What law allowed the use of silver as a part of the national monetary policy?
Bland-allison Act
Moderate prosilver act passed by republicans in 1890 in exchange for a high tariff?
I'm pretty sure it's the Bland-Allison Act
Was the bland-Allison act related to the purchase of gold by the federal government?
Yes, the Bland-Allison Act of 1878 was related to the purchase of silver rather than gold. It mandated the federal government to buy a certain amount of silver each month and issue silver coins, aiming to increase the money supply and support silver miners. While it did not directly pertain to gold purchases, it reflected the broader monetary debates of the time, which included discussions about the gold standard and the role of precious metals in the economy.
Which statement is trueThe Pendleton Act was related to the reformation of the federal labor force?
The Pendleton Act was related to the reformation of the federal labor force.
Which of the following re-established the silver dollar as a form of currency and committed the US government to the purchase of a certain amount of silver each month for coinage?
The Bland-Allison Act of 1878 re-established the silver dollar as a form of currency and committed the U.S. government to the purchase of a certain amount of silver each month for coinage.
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?
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.
What did the Foreign Intelligence Surveillance Act not require the government to do?
Obtain a warrant to search for terrorists
