answersLogoWhite

0

President Hayes vetoed the legislation.

What else can I help you with?

Related Questions

What was the purpose of bland-Allison act?

cause inflation


What pieces of legislation represent an attempt to expand the money supply?

Bland-Allison Act


What law allowed the use of silver as a part of the national monetary policy?

Bland-allison Act


What was called for the government purchase of two million dollars of silver each month?

Bland-Allison Act


Moderate prosilver act passed by republicans in 1890 in exchange for a high tariff?

I'm pretty sure it's the Bland-Allison Act


Which of these called for the government purchase of two million dollars of silver each month?

Bland Allison Act. ALS(:


What did the bland Allison act require the government to do?

The Bland-Allison Act of 1878 required the U.S. government to purchase and coin a specified amount of silver each month, specifically 2 million to 4 million ounces. This legislation aimed to increase the money supply and promote inflation, benefiting farmers and debtors who were struggling with deflation. The act was a response to the growing demand for the free coinage of silver and was part of broader monetary debates in the post-Civil War era.


Was The bland Allison act most closely related to the Union Pacific railroad?

The Bland-Allison Act of 1878 was not directly related to the Union Pacific Railroad but rather focused on the coinage of silver. It required the U.S. Treasury to purchase and mint a certain amount of silver into coins, aiming to increase the money supply and support silver miners. While the act did have implications for the economy, including the railroad industry, its primary purpose was to address monetary policy rather than directly impacting the Union Pacific Railroad.


What is the bland Allison act?

The Bland-Allison Act, enacted in 1878, was a U.S. federal law that mandated the U.S. Treasury to purchase and coin silver, thereby increasing the money supply with silver currency. It aimed to boost the economy and alleviate the effects of the deflationary period following the Civil War. The act allowed for the purchase of between two and four million ounces of silver each month, promoting the interests of silver miners and supporting the bimetallism movement. However, it ultimately did not lead to sustained economic stability and was repealed in 1890.


Was the bland-Allison act related to the purchase of gold by the federal government?

Yes, the Bland-Allison Act of 1878 was related to the purchase of silver rather than gold. It mandated the federal government to buy a certain amount of silver each month and issue silver coins, aiming to increase the money supply and support silver miners. While it did not directly pertain to gold purchases, it reflected the broader monetary debates of the time, which included discussions about the gold standard and the role of precious metals in the economy.


What was a law of 1878 required the treasury to include an amount of silver into the money supply of the US in the form of silver coins?

The Bland-Allison Act was an 1878 act of Congress that required the U.S. Treasury Department to buy domestic silver to resume striking silver One Dollar coins for circulation.


Which statement is trueThe Pendleton Act was related to the reformation of the federal labor force?

The Pendleton Act was related to the reformation of the federal labor force.