One Important Issue in the Post-Bellum Currency Debate Concerned the Coinage

question 1

Multiple Choice

One important issue in the post-bellum currency debate concerned the coinage of silver by the federal government.  Which of the following statements presents accurate information regarding the silver debate?

• A) Silver circulated widely as money in the years immediately prior to the Coinage Act of 1873.
• B) The Bland-Allison Act allowed for the Treasury to make limited monthly silver purchases at the market price.
• C) Silver never circulated as money in the U.S. after 1873; however, it was used as a unit of account.
• D) Congress passed the Coinage Act in 1873 despite widespread public opposition to this legislation at the time.

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