One of the most important acts of President Grant's Administration was his veto of the Inflation Bill, which provided for a considerable increase of the large volume of legal tender paper money, which at that time was not redeemed by the government.
George F. Hoar: “One of the most important acts of President Grant's Administration was his veto of the Inflation Bill, which provided…”
Editor's note · Context
Hoar emphasizes the significance of President Grant's veto of the Inflation Bill in the context of American monetary policy.
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