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

List of closed London Underground stations

... stations of the London Underground and its predecessor companies (such as the Metropolitan Railway, the City and South London Railway and Underground Electric ...