William B. Allison

Bland-Allison Act Overrides Presidential Veto, Restores Silver Coinage

| Importance: 7/10

Congress overrides President Rutherford B. Hayes’s veto on February 28, 1878, to enact the Bland-Allison Act, requiring the U.S. Treasury to purchase between $2 million and $4 million of silver bullion each month and mint it into legal tender silver dollars. The Act represents a partial …

Richard P. Bland William B. Allison Rutherford B. Hayes U.S. Congress monetary-policy corporate-influence financial-system-capture gilded-age
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