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

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 The Arena Volume 18, No. 93, August, 1897 by Various

The purchasing clause of the Bland-Allison Act of 1878 was repealed.

From A History of the Republican Party by Platt, George Washington

The Bland-Allison Act was in operation from 1878 to 1890, during which time $2,000,000 in silver were coined per month, the minimum amount authorized by law.

From American Eloquence, Volume 4 Studies In American Political History (1897) by Johnston, Alexander

Since this repeal, the silver policy of the Government has been as it was before the Bland-Allison Act of 1878, which involves a complete suspension of silver coinage.

From American Eloquence, Volume 4 Studies In American Political History (1897) by Johnston, Alexander