jul 14, 1890 - Sherman Silver Purchase Act
Description:
This act was passed in order to please the increasing complaints of the farmers and miners. It required the Secretary of Treasury to purchase 4.5 million ounces of silver at the market price. It is significant because the Act caused inflation, allowing farmers to pay off some of their debts.Added to timeline:
Date:
jul 14, 1890
Now
~ 134 years ago