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.”
All labels observed (4)
| Label | Occurrences |
|---|---|
| Bland–Allison Act canonical | 7 |
| Allison Amendment to the Bland–Allison Act | 1 |
| Bland-Allison Silver Purchase Act | 1 |
| Bland–Allison Act of 1878 | 1 |
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| legalStatus | repealed ⓘ |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.
subject surface form:
Sherman Silver Purchase Act of 1890
subject surface form:
Sherman Silver Purchase Act of 1890
subject surface form:
Sherman Silver Purchase Act of 1890
this entity surface form:
Bland-Allison Silver Purchase Act
this entity surface form:
Bland–Allison Act of 1878
this entity surface form:
Allison Amendment to the Bland–Allison Act