Bland–Allison Act
1878 United States law on monetary policy / From Wikipedia, the free encyclopedia
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The Bland–Allison Act, also referred to as the Grand Bland Plan of 1878, was an act of the United States Congress requiring the U.S. Treasury to buy a certain amount of silver and put it into circulation as silver dollars. Though the bill was vetoed by President Rutherford B. Hayes, the Congress overrode Hayes's veto on February 28, 1878, to enact the law.[1] The text of the act can be found in the Congressional Record under the further reading section of this article.
Quick Facts Long title, Enacted by ...
Long title | An Act to authorize the coinage of the standard silver dollar, and to restore its legal-tender character. |
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Enacted by | the 45th United States Congress |
Effective | February 28, 1878 |
Citations | |
Public law | 45–20 |
Statutes at Large | 20 Stat. 25 |
Legislative history | |
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