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Sherman Silver Purchase Act

Sherman Silver Purchase Act 1890, passed by the U.S. Congress to supplant the Bland-Allison Act of 1878. It not only required the U.S. government to purchase nearly twice as much silver as before, but also added substantially to the amount of money already in circulation. The Sherman Silver Purchase Act (supported by John Sherman only as a compromise with the advocates of free silver ) threatened, when put into operation, to undermine the U.S. Treasury's gold reserves. After the panic of 1893 broke, President Cleveland called a special session of Congress and secured (1893) the repeal of the act.

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	Burglary in Chelveston. Newspaper article from: Northants Evening Telegraph (Kettering, England); 6/16/2008; 167 words ; ...property before reaching in to open the window. They then conducted an untidy search of the property before taking a Ben Sherman silver watch with a black leather strap and an Umbro silver watch with a silver strap. They also took another ladies watch with... Read more
	Star-Spangled Men: America's Ten Worst Presidents. Magazine article from: National Review; 4/6/1998; ; 700+ words ; ...cautioned, Don't think he means to insult you. It's just his way. His Administration saw the passage of the Sherman Silver Purchase Act, the Sherman Anti-Trust Act, and the McKinley Tariff, and was the leading cause of the Panic of 1893 and... Read more
	COLORADO GOLD. Magazine article from: Rocks & Minerals; 9/1/1997; ; 700+ words ; ...world to abandon its use as a monetary standard. The Silver Panic of 1893 followed Congress's repeal of the Sherman Silver Purchase Act and halted the subsidization of this metal. The Colorado silver boom crashed, bankrupting many an overextended... Read more
	The raw deal.(Soundbite)(Burt Folsom interview)(Interview) Magazine article from: Reason; 5/1/2009; ; 603 words ; ...and then the special interests delivered the vote. For example, silver miners got a multibillion-dollar subsidy with the Silver Purchase Act, when Roosevelt says, we will buy silver at 64.5 cents an ounce even though the world market price is 40 cents an ounce... Read more

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	Sherman Silver Purchase Act Encyclopedia entry from: Gale Encyclopedia of U.S. Economic History SHERMAN SILVER PURCHASE ACT The free coinage of silver became...strong that on July 14, the Sherman Silver Purchase Act was passed as a compromise to...government purchase of silver. The Sherman Silver Purchase Act required ... Read more
	Silver Purchase Act Book article from: The Columbia Encyclopedia, Sixth Edition see Sherman Silver Purchase Act . Read more
	Sherman Anti-Trust Act Encyclopedia entry from: Gale Encyclopedia of U.S. Economic History ...Congress by Senator John Sherman (1823 – 1900) of...legislation proposed by Sherman reached the Senate, conservative...precedent for how the Sherman Anti-Trust Act would be enforced, and...the Clayton Anti-Trust Act. This act outlawed price fixing...Catherine. Winter with the ... Read more
	Sherman, John Encyclopedia entry from: West's Encyclopedia of American Law ...name. The Sherman Anti-Trust Act deliberately...tool, the act remains a...enforcement. Sherman continued...sponsored the Sherman Silver Purchase Act (28 Stat...increase its purchase of silver by 50 percent...appointed Sherman secretary... Read more
	John Sherman Book article from: The Columbia Encyclopedia, Sixth Edition ...served there until 1877. Sherman became (1867) chairman...supported the Legal Tender Act of 1862 and the National Banking Act of 1863, but he opposed...he forced the Resumption Act of 1875 through the Senate...the implementation of the act. In 1880, 1884, and 1888...with the passage of the ... Read more

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