Gold Standard Act of 1900
E626770
The Gold Standard Act of 1900 was a U.S. federal law that formally placed the United States on the gold standard by defining the dollar in terms of a fixed quantity of gold and making gold the sole basis for redeeming paper currency.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal law
ⓘ
monetary reform law ⓘ |
| aimedTo |
increase confidence in U.S. currency
ⓘ
stabilize the value of the U.S. dollar ⓘ |
| authorizedCreationOf | gold reserve for redemption purposes ⓘ |
| cameAfter |
Sherman Silver Purchase Act of 1890
NERFINISHED
ⓘ
repeal of the Sherman Silver Purchase Act ⓘ |
| chamberOfOrigin | United States House of Representatives NERFINISHED ⓘ |
| codified | gold standard as basis of U.S. currency system ⓘ |
| confirmedSuspensionOf | free coinage of silver ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| dateOfEnactment | 1900-03-14 ⓘ |
| definedDollarInTermsOf | fixed quantity of gold ⓘ |
| definedGoldContentOfDollar | 25.8 grains of gold ⓘ |
| definedGoldFineness | 0.900 fine ⓘ |
| definedMonetaryStandard | gold standard ⓘ |
| effectiveIn | United States monetary policy ⓘ |
| endedBimetallismInPractice | United States monetary system ⓘ |
| establishedPolicyOf | maintaining parity between gold and other forms of U.S. currency ⓘ |
| historicalPeriod | Progressive Era NERFINISHED ⓘ |
| influencedBy | Panic of 1893 NERFINISHED ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
federal government of the United States
|
| language | English ⓘ |
| legalCitation | 31 Stat. 45 ⓘ |
| legislativeBody | United States Congress ⓘ |
| madeGoldSoleRedemptionBasisFor |
United States Treasury notes
NERFINISHED
ⓘ
United States banknotes NERFINISHED ⓘ United States paper currency ⓘ |
| madeRedeemableIn | gold ⓘ |
| officeOfSigner | President of the United States NERFINISHED ⓘ |
| opposedBy | Free Silver movement NERFINISHED ⓘ |
| otherChamber | United States Senate NERFINISHED ⓘ |
| politicalContext | late 19th-century debate over gold vs. silver ⓘ |
| reaffirmed | commitment to gold payments on government obligations ⓘ |
| reducedRoleOf | silver in U.S. monetary system ⓘ |
| relatedTo |
Coinage Act of 1873
NERFINISHED
ⓘ
Federal Reserve Act of 1913 NERFINISHED ⓘ National Banking Acts NERFINISHED ⓘ |
| remainedInEffectUntil | abandonment of domestic gold standard in 1933 ⓘ |
| requiredSecretaryOfTheTreasuryTo | maintain parity of all forms of money with gold ⓘ |
| shortDescription | U.S. law formally placing the United States on the gold standard ⓘ |
| signedBy | William McKinley NERFINISHED ⓘ |
| specifiedRedemptionMedium |
gold bullion
ⓘ
gold coin ⓘ |
| subjectOf | debates over monetary policy in the 1900 presidential election ⓘ |
| supportedBy |
gold standard advocates
ⓘ
many Eastern financial interests ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.