Bland–Allison Act

E56021

The Bland–Allison Act was an 1878 U.S. law that required the federal government to purchase and coin a limited amount of silver each month, partially restoring bimetallism after the “Crime of 1873.”

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Statements (47)

Predicate Object
instanceOf United States federal law
monetary policy legislation
alsoKnownAs Bland–Allison Act
surface form: Bland-Allison Silver Purchase Act
country United States of America
surface form: United States
dateEnacted 1878-02-28
effect partially restored bimetallism in the United States
historicalContext post–Civil War monetary debates
reaction to the Coinage Act of 1873
impact expanded the money supply relative to the Coinage Act of 1873 regime
increased silver coinage in the United States
implementedBy United States Department of the Treasury
United States Mint
introducedBy Richard P. Bland
William B. Allison
jurisdiction United States government
surface form: United States federal government
languageOfWork English
legalStatus repealed
legislativeBody United States Congress
locationOfLegislature Washington, D.C.
monetaryStandard limited bimetallic standard
namedAfter Richard P. Bland
William B. Allison
nickNameOfContext partial reversal of the Crime of 1873
officeOfSigner President of the United States
opposedBy Rutherford B. Hayes
eastern financial interests
policyType silver purchase requirement
purpose to require the U.S. Treasury to purchase and coin silver
relatedTo Coinage Act of 1873
the Sherman Silver Purchase Act of 1890
surface form: Sherman Silver Purchase Act
repealedBy the Sherman Silver Purchase Act of 1890
surface form: Sherman Silver Purchase Act
repealYear 1890
requiredCoinage standard silver dollars
requiredMonthlySilverPurchaseMaximum 4,000,000 dollars worth of silver
requiredMonthlySilverPurchaseMinimum 2,000,000 dollars worth of silver
signedBy Rutherford B. Hayes
silverDollarDenomination one-dollar silver coin
silverDollarFineness 0.900 fine silver
silverDollarWeight 412.5 grains
subject United States monetary policy
bimetallism
silver coinage
supportedBy agrarian and debtor groups
silver interests in Western states
vetoedBy Rutherford B. Hayes
vetoOverriddenBy United States Congress
yearEnacted 1878

Referenced by (10)

Full triples — surface form annotated when it differs from this entity's canonical label.

Silver Certificate authorizedBy Bland–Allison Act
the Sherman Silver Purchase Act of 1890 replaced Bland–Allison Act
subject surface form: Sherman Silver Purchase Act of 1890
the Sherman Silver Purchase Act of 1890 amended Bland–Allison Act
subject surface form: Sherman Silver Purchase Act of 1890
the Sherman Silver Purchase Act of 1890 precededBy Bland–Allison Act
subject surface form: Sherman Silver Purchase Act of 1890
Bland–Allison Act alsoKnownAs Bland–Allison Act
this entity surface form: Bland-Allison Silver Purchase Act
Morgan dollar introducedFollowing Bland–Allison Act
Coinage Act of 1873 followedBy Bland–Allison Act
Presidency of Rutherford B. Hayes significantEvent Bland–Allison Act
this entity surface form: Bland–Allison Act of 1878
Colorado silver boom associatedWith Bland–Allison Act
William B. Allison notableWork Bland–Allison Act
this entity surface form: Allison Amendment to the Bland–Allison Act