Editing Bland–Allison Act (section)

==Reactions and economic impact==
Western miners and debtors regarded the Bland–Allison Act as an insufficient measure to enforce unlimited coinage of silver, but opponents repealed the act and advocated for the [[gold standard]]. The effect of the Bland–Allison act was also blunted by the minimal purchase of silver required by the Hayes administration. Although the act was a near turning point for [[bimetallism]], gold continued to be favored over the bimetallism standard.

Throughout 1860 to 1871, several attempts were made by the Treasury to establish the bimetallic standard by having gold and silver dollar coins. However, the discovery of silver led to an influx of supply, lowering the price of silver.<ref name=US></ref> The eventual removal of the bimetallic standard, including the Bland–Allison Act and the acceptance of the gold standard formed the monetary stability in the late 19th century.<ref name=US></ref>

The limitation placed on the supply of new notes and the Treasury control over the issue of new notes allowed for economic stability. Prior to the acceptance, the devaluation of silver forced local governments into a financial turmoil.<ref name=US></ref> In addition, there was a need for money supply to increase as the credit system expanded and large banks established themselves across states.

In addition, the priority that was placed on the coinage of silver dollars left very little available silver for the coinage of silver coins of lesser denominations, particularly half dollars and quarters. As a result, these coins had extremely low mintages (fewer than 5,000 half dollars were struck in 1879, 1882, and 1884, and 5,000 quarters were struck in 1886) until the [[Barber coinage]] began in 1892.