What is the bland Allison act?

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2026-05-17 01:30

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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 However, it ultimately did not lead to sustained economic stability and was repealed in 1890.

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