The Crime of 1873

@article{Friedman1990TheCO,
  title={The Crime of 1873},
  author={Milton Friedman},
  journal={Journal of Political Economy},
  year={1990},
  volume={98},
  pages={1159 - 1194}
}
  • M. Friedman
  • Published 1 December 1990
  • History
  • Journal of Political Economy
The U.S. Coinage Act of 1873 eliminated provision for the free coinage of silver. That act cast the die for a gold standard. The conventional view is that "the act of 1873 was a piece of good fortune." This paper indicates that it was the opposite--a mistake that had highly adverse consequences. This is a judgment about 1873, not 1896. By 1896, when William Jennings Bryan ran for president on a "free-silver ticket," it was too late to undo the damage. Bryan was trying to close the barn door… 

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The History of Bimetallism in the United States

Give us 5 minutes and we will show you the best book to read today. This is it, the the history of bimetallism in the united states that will be your best choice for better reading book. Your five