Word: acted
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Dates: during 1890-1899
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...Some Legislation was necessary. - (a) There was a demand for more currency caused by - (1) Increase of population and business: F. W. Taussig in Forum, Oct. '90. - (2) Retirement of bank notes: Speech of Mr. Conger, Cong. Record, 1890, p. 5652.- (b) Act of 1878 was inadequate: Sherman in Cong. Record, 1890, p.5614...
...act was the best measure offered for the solution of the money problem. - (a) The House Bill, proposed bullion redemption: Pub. Opinion, June 14, 1890. - (b) The Senate Bill was a free coinage measure: Nation, June 19th...
...act does not put the country into a dangerous financial position. - (a) It is based on the act of 1878, and is therefore no untried innovation: Forum, Oct. '90. - (b) The coin is a substitutionary currency. - (c) It does not cause inflation: Nineteenth Century, Vol. 28, p.317...
...act accomplishes important beneficial results. - (a) It eases the money market. - (b) It does not impair the gold standard: Speech of Mr. Conger, Cong. Record, '90, p.7090...
...provides too large an increase in the circulation: Forum, Oct. 1890; Quar. Jour. Econ. April, 1890, p. 314; Coinage of gold and Silver.- (b) It adds annually to the circulation nealy $60,000,000. - c) Not more than $30,000,000 is needed. - (d) The provisions of the act are too inelastic: Report of the Sec'y Treasury...