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aug 15, 1893 - Sherman Silver Purchase Act repealed (Aug 1893)

Description:

Gold reserve in treasury dropped under $100 mill which was safe minimum for supporting ~$350 mill in outstanding paper $; Cleveland decided to stop bleeding away of gold by repealing Sherman Silver Purchase Act of 1890 by summoning Congress into extra session in summer of 1893

Added to timeline:

APUSH 2 - unit 1

Byabcd
28 Oct 2018
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1709

Date:

aug 15, 1893
Now
~ 131 years ago
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