What political effects did the Coinage Act of 1873 have on the U. S. politics during the latter half of the 1800s

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Abdullah

6 December, 16:32

What political effects did the Coinage Act of 1873 have on the U. S. politics during the latter half of the 1800s

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Marilyn Howe · Answer 1

The Coinage Act of 1873, took three years to be adopted by Congress. When it was passed, it did away with bimetallism, putting the United States under the gold standard. Citizens could no longer have their silver converted to coins. That fact was not universally known. This started a political polarization between the gold standard and the free coinage opponents.