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

Great River, New York

... with no husband present, and 17.9% are non-families. 13.4% of all households are made up of individuals and 5.5% have someone living alone who is 65 years of age or ...