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.”
Aliases (1)
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal law
→
monetary policy legislation → |
| alsoKnownAs |
Bland-Allison Silver Purchase Act
→
|
| country |
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
NERFINISHED
→
William B. Allison NERFINISHED → |
| jurisdiction |
United States federal government
→
|
| languageOfWork |
English
→
|
| legalStatus |
repealed
→
|
| legislativeBody |
United States Congress
→
|
| locationOfLegislature |
Washington, D.C.
→
|
| monetaryStandard |
limited bimetallic standard
→
|
| namedAfter |
Richard P. Bland
NERFINISHED
→
William B. Allison NERFINISHED → |
| 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
→
Sherman Silver Purchase Act → |
| repealedBy |
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 (6)
| Subject (surface form when different) | Predicate |
|---|---|
|
Bland–Allison Act
("Bland-Allison Silver Purchase Act")
→
|
alsoKnownAs |
|
Sherman Silver Purchase Act of 1890
→
|
amended |
|
Silver Certificate
→
|
authorizedBy |
|
Morgan dollar
→
|
introducedFollowing |
|
Sherman Silver Purchase Act of 1890
→
|
precededBy |
|
Sherman Silver Purchase Act of 1890
→
|
replaced |