The Crime of 1873

  title={The Crime of 1873},
  author={Milton Friedman},
  journal={Journal of Political Economy},
  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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RareBooksClub. Paperback. Book Condition: New. This item is printed on demand. Paperback. 142 pages. Dimensions: 9.7in. x 7.4in. x 0.3in.This historic book may have numerous typos and missing text.


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