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Money Question

Compromise (bimetallism) Bland Allison 1878 (Congress during Hayes) Limited coinage of silver at 16:1 Sherman Silver 1890 (Harrison ) Increase amt of silver purchased by govt Repealed 1893. Money Question. Paper $ Died out after 1870s Greenback Party failed

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Money Question

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  1. Compromise (bimetallism) Bland Allison 1878 (Congress during Hayes) Limited coinage of silver at 16:1 Sherman Silver 1890 (Harrison) Increase amt of silver purchased by govt Repealed 1893 Money Question • Paper $ • Died out after 1870s • Greenback Party failed • Idea of more $ in circulation remains. Leads to want for silver • Silver coins • Debtors, farmers, start up businesses • Borrow $ at lower interest rates • Pay off loans easily • Fought Crime of 73 (coin no silver) • WANT UNLIMITED COINAGE!! • Gold • Bankers, creditors, investors • Dollars backed by gold hold value against inflation

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