Bland-Allison Act

American  

[bland-al-uh-suhn] / ˈblændˈæl ə sən /

noun

U.S. History.

1. an act of Congress (1878) requiring the federal government to purchase at the market price from two to four million dollars' worth of silver monthly for conversion into silver dollars containing 16 times more silver per coin than gold in dollar coins of gold.

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Example Sentences

The purchasing clause of the Bland-Allison Act of 1878 was repealed.

From Project Gutenberg

Since the Bland-Allison Act of 1878, more than 770,000,000 silver dollars*; have been minted.

From Time Magazine Archive

That the financial policy we have pursued since 1878, the year of the Bland-Allison Act, has been absurd and ruinous hardly admits of two opinions.

From Project Gutenberg

Bland, was converted into the limited Bland-Allison Act.

From Project Gutenberg

In 1878 the Bland-Allison act allowed the coinage of the standard silver dollar.

From Project Gutenberg