apr 20, 1893 - Treasury Secretary John G. Carlisle creates a backlash when he is prominently quoted saying that "greenback" Treasury notes will be redeemed in gold coin "for so long as it [the Treasury] has gold lawfully available for that purpose." He is credited with causing stocks to fall and interest rates to rise
Added to timeline:
Date:
apr 20, 1893
Now
~ 132 years ago