On the record
Had not the coinage act of 1873 passed, the United States would have been compelled to suspend the free coinage of silver dollars, as the Latin nations were, or to accept silver as the sole coin standard of value.
Source
gutenberg.orgJohn Sherman: “Had not the coinage act of 1873 passed, the United States would have been compelled to suspend the free coinage of…”
Editor's note · Context
Sherman argues that without the 1873 coinage act, the U.S. would have faced significant monetary challenges.
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