Encyclopedia > Resumption Act

  Article Content

Resumption Act

The Resumption Act of 1875 provided for the redemption of United States paper currency, known colloquially as greenbacks[?], in gold beginning in 1879. This sound money program reduced amount of paper money and restored confidence in it. It was opposed by the pro-silver faction.



All Wikipedia text is available under the terms of the GNU Free Documentation License

 
  Search Encyclopedia

Search over one million articles, find something about almost anything!
 
 
  
  Featured Article
Sanskrit language

... Latin, Greek, and Sanskrit led to the discovery of this language family by Sir William Jones, and thus played an important role in the development of linguistics. Indeed, ...

 
 
 
This page was created in 37.5 ms