feb 28, 1878 - Bland-Allison Act
Description:
-Authorized coinage of a limited number of silver dollars and "silver certificate" paper money-First of several government subsidies to silver producers in depression periods
-Required government to buy between $2 and $4 million worth of silver for conversion into silver dollars containing 16x more silver per coin than gold
-to provide for freer coinage of silver
Added to timeline:
Date:
feb 28, 1878
Now
~ 147 years ago