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18
The Bland-Allison Act of 1878 was a compromise between the two groups. What did it do? What happened to the price of silver?
Treasury to purchase between $2-4 million of silver per month at market price.
Price of silver continues to fall, despite this. Supply increases more than demand, so prices fell.
Price of silver continues to fall, despite this. Supply increases more than demand, so prices fell.
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 15.11.2010