1890 Sherman Silver Purchase Act
GPTKB entity
Statements (49)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:United_States_federal_law
|
| gptkbp:bfsLayer |
3
|
| gptkbp:bfsParent |
gptkb:Benjamin_Harrison
|
| gptkbp:amended_by |
Various proposals in the 1890s
|
| gptkbp:associated_with |
gptkb:William_Jennings_Bryan
|
| gptkbp:community_impact |
Affected the 1892 presidential election
|
| gptkbp:consequences |
Led to increased political activism among farmers
|
| gptkbp:context |
Post-Civil War economic conditions
|
| gptkbp:controversy |
Debate over inflation and deflation
|
| gptkbp:diplomatic_relations |
Expansionary monetary policy
Increased government expenditures on silver purchases |
| gptkbp:economic_impact |
Challenged the gold standard
Contributed to the Panic of 1893 |
| gptkbp:effective_date |
July 14, 1890
|
| gptkbp:enacted_by |
gptkb:legislation
|
| gptkbp:goal |
To support the silver mining industry
|
| gptkbp:governing_body |
Introduced as a response to the declining price of silver
|
| gptkbp:historical_analysis |
Analyzed in economic history studies
|
| gptkbp:historical_context |
Part of the Populist movement
|
| gptkbp:historical_debate |
Congressional hearings
Debate over the merits of silver vs. gold |
| gptkbp:historical_event |
Shift in U. S. monetary policy towards gold standard
|
| gptkbp:historical_significance |
Part of the broader debate on U. S. monetary policy in the late 19th century
Still discussed in modern monetary policy debates |
| https://www.w3.org/2000/01/rdf-schema#label |
1890 Sherman Silver Purchase Act
|
| gptkbp:impact |
Increased silver coinage
|
| gptkbp:includes_provisions_for |
Required the U. S. Treasury to purchase 4.5 million ounces of silver monthly
|
| gptkbp:influenced_by |
gptkb:Coinage_Act_of_1873
Economic conditions of the 1880s |
| gptkbp:is_opposed_by |
Bankers and industrialists
Goldbugs |
| gptkbp:is_supported_by |
gptkb:Silverites
|
| gptkbp:legacy |
Influenced future monetary policy debates in the U. S.
|
| gptkbp:legislation |
gptkb:Bland-Allison_Act
Monetary policy |
| gptkbp:market |
gptkb:Keynesian_economics
Debate over bimetallism |
| gptkbp:political_party |
gptkb:Democratic_Party
|
| gptkbp:political_position |
gptkb:Senator_John_Sherman
|
| gptkbp:public_perception |
Mixed reactions from the public and politicians
|
| gptkbp:purpose |
Increase the amount of silver purchased by the U. S. Treasury
|
| gptkbp:related_event |
gptkb:Panic_of_1893
|
| gptkbp:related_to |
Silver standard
|
| gptkbp:repealed_by |
gptkb:Act_of_March_14,_1900
|
| gptkbp:replaced_by |
gptkb:Gold_Standard_Act_of_1900
|
| gptkbp:resulted_in |
Increased silver mining activity
|
| gptkbp:scholarly_analysis |
Debated among historians and economists
|
| gptkbp:signed_by |
President Benjamin Harrison
|
| gptkbp:supports |
gptkb:Farmers'_alliances
|