Jump to content
Main menu
Main menu
move to sidebar
hide
Navigation
Main page
Recent changes
Random page
Help about MediaWiki
Special pages
Niidae Wiki
Search
Search
Appearance
Create account
Log in
Personal tools
Create account
Log in
Pages for logged out editors
learn more
Contributions
Talk
Editing
Grover Cleveland
(section)
Page
Discussion
English
Read
Edit
View history
Tools
Tools
move to sidebar
hide
Actions
Read
Edit
View history
General
What links here
Related changes
Page information
Appearance
move to sidebar
hide
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
===Silver=== One of the most volatile issues of the 1880s was whether the currency should be backed by [[Bimetallism|gold and silver]], or by [[gold standard|gold alone]].<ref>Jeffers, 157–158</ref> The issue cut across party lines, with Western Republicans and Southern Democrats joining in the call for the free coinage of silver, and both parties' representatives in the northeast holding firm for the [[gold standard]].<ref name="nevins201">Nevins, 201–205; Graff, 102–103</ref> Because silver was worth less than its legal equivalent in gold, taxpayers paid their government bills in silver, while international creditors demanded payment in gold, resulting in a depletion of the nation's gold supply.<ref name="nevins201" /> Cleveland and Treasury Secretary [[Daniel Manning]] stood firmly on the side of the gold standard, and tried to reduce the amount of silver that the government was required to coin under the [[Bland–Allison Act]] of 1878.<ref>Nevins, 269</ref> Cleveland unsuccessfully appealed to Congress to repeal this law before he was inaugurated.<ref>Tugwell, 110</ref> Angered Westerners and Southerners advocated for cheap money to help their poorer constituents.<ref>Nevins, 268</ref> In reply, one of the foremost silverites, [[Richard P. Bland]], introduced a bill in 1886 that would require the government to coin unlimited amounts of silver, inflating the then-deflating currency.<ref name="nevins273">Nevins, 273</ref> While Bland's bill was defeated, so was a bill the administration favored that would repeal any silver coinage requirement.<ref name="nevins273" /> The result was a retention of the ''status quo'', and a postponement of the resolution of the free-silver issue.<ref>Nevins, 277–279</ref>
Summary:
Please note that all contributions to Niidae Wiki may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Encyclopedia:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)
Search
Search
Editing
Grover Cleveland
(section)
Add topic