Gold Standard Act of 1900

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The Gold Standard Act of 1900 was a U.S. federal law that formally placed the United States on the gold standard by defining the dollar in terms of a fixed quantity of gold and making gold the sole basis for redeeming paper currency.

All labels observed (1)

Label Occurrences
Gold Standard Act of 1900 canonical 2

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf United States federal law
monetary reform law
aimedTo increase confidence in U.S. currency
stabilize the value of the U.S. dollar
authorizedCreationOf gold reserve for redemption purposes
cameAfter Sherman Silver Purchase Act of 1890
repeal of the Sherman Silver Purchase Act
chamberOfOrigin United States House of Representatives
codified gold standard as basis of U.S. currency system
confirmedSuspensionOf free coinage of silver
country United States
dateOfEnactment 1900-03-14
definedDollarInTermsOf fixed quantity of gold
definedGoldContentOfDollar 25.8 grains of gold
definedGoldFineness 0.900 fine
definedMonetaryStandard gold standard
effectiveIn United States monetary policy
endedBimetallismInPractice United States monetary system
establishedPolicyOf maintaining parity between gold and other forms of U.S. currency
historicalPeriod Progressive Era
influencedBy Panic of 1893
jurisdiction federal government of the United States
language English
legalCitation 31 Stat. 45
legislativeBody United States Congress
madeGoldSoleRedemptionBasisFor United States Treasury notes
United States banknotes
United States paper currency
madeRedeemableIn gold
officeOfSigner President of the United States
opposedBy Free Silver movement
otherChamber United States Senate
politicalContext late 19th-century debate over gold vs. silver
reaffirmed commitment to gold payments on government obligations
reducedRoleOf silver in U.S. monetary system
relatedTo Coinage Act of 1873
Federal Reserve Act of 1913
National Banking Acts
remainedInEffectUntil abandonment of domestic gold standard in 1933
requiredSecretaryOfTheTreasuryTo maintain parity of all forms of money with gold
shortDescription U.S. law formally placing the United States on the gold standard
signedBy William McKinley
specifiedRedemptionMedium gold bullion
gold coin
subjectOf debates over monetary policy in the 1900 presidential election
supportedBy gold standard advocates
many Eastern financial interests

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

United States gold policy codifiedBy Gold Standard Act of 1900
Presidency of William McKinley significantEvent Gold Standard Act of 1900