Bland-Allison Act

[ bland-al-uh-suhn ]

Phonetic (Standard)IPA

noun

U.S. History.

an act of Congress (1878) requiring the federal government to purchase at the market price from two to four million dollars' worth of silver monthly for conversion into silver dollars containing 16 times more silver per coin than gold in dollar coins of gold.

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The purchasing clause of the Bland-Allison Act of 1878 was repealed.

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Since the Bland-Allison Act of 1878, more than 770,000,000 silver dollars*; have been minted.

That the financial policy we have pursued since 1878, the year of the Bland-Allison Act, has been absurd and ruinous hardly admits of two opinions.

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Bland, was converted into the limited Bland-Allison Act.

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In 1878 the Bland-Allison act allowed the coinage of the standard silver dollar.

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