feb 28, 1879 - Bland-Allison Act of 1878
Description:
The Bland-Allison Act of 1878 was legislation passed by the U.S. Congress that required the U.S. Treasury to buy a certain amount of silver each month to mint into silver dollars. The act was a compromise between inflationists, who advocated for the unlimited coinage of silver to increase the money supply, and those who supported a gold standard to control inflation, reflecting the ongoing national debate over monetary policy.Added to timeline:
Date:
feb 28, 1879
Now
~ 147 years ago