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What was the Bland-Allison act?

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The Bland-Allison Act of 1878, passed by the U.S. Congress to provide for freer coinage of silver. The act as adopted required the U.S. Treasury to purchase between $2 million and $4 million worth of silver bullion each month at market prices; this was to be coined into silver dollars, which were made legal tender for all debts.

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Similar questions: What did the Bland-Allison Act allow for? How did the Bland-Allison Act affect silver coinage? How much bullion did the Bland-Allison Act require the US Treasury to buy? What was silver bullion purchased under the Bland-Allison Act made into? [ Hide these questions ]

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