Pittman Act of 1918

E1046962

The Pittman Act of 1918 was a U.S. law that authorized the melting of millions of silver dollars and the subsequent purchase of domestic silver, reshaping American silver coinage and mining policy in the early 20th century.

All labels observed (1)

Label Occurrences
Pittman Act of 1918 canonical 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf United States federal statute ⓘ
monetary legislation ⓘ
affectedCurrency Morgan silver dollar ⓘ
linked to: Morgan dollar

United States silver dollar ⓘ
approximateSilverDollarsActuallyMelted 270000000 ⓘ
approximateSilverDollarsAuthorizedForMelting 350000000 ⓘ
authorizedAction melting of silver dollars ⓘ
purchase of domestic silver ⓘ
recoinage of silver dollars ⓘ
sale of silver bullion ⓘ
beneficiaryIndustry United States silver mining industry ⓘ
centuryOfEnactment 20th century ⓘ
chamberOfOrigin United States Senate ⓘ
country United States ⓘ
dateEnacted 1918-04-23 ⓘ
enactedDuringPresidencyOf Woodrow Wilson ⓘ
impact increased demand for newly mined domestic silver ⓘ
influenced later silver dollar issues ⓘ
reduced number of pre-1918 Morgan dollars in circulation ⓘ
reshaped early 20th century American silver coinage ⓘ
implementedBy United States Treasury ⓘ
introducedBy Key Pittman ⓘ
jurisdiction United States federal government ⓘ
languageOfWork English ⓘ
legalArea currency regulation ⓘ
metals and mining ⓘ
legislativeBody United States Congress ⓘ
locationOfImplementation United States Mint ⓘ
namedAfter Key Pittman ⓘ
purpose to maintain the silver dollar as a monetary unit ⓘ
to provide silver bullion for sale to Great Britain during World War I ⓘ
to stabilize the price of silver ⓘ
to support domestic silver mining interests ⓘ
recoinageParityRequirement one silver dollar recoined for each silver dollar melted ⓘ
relatedTo Morgan dollar ⓘ
Peace dollar ⓘ
United States Coinage Act of 1873 ⓘ
linked to: Coinage Act of 1873

United States silver policy ⓘ
linked to: Bimetallism
requiredRecoinageFromDomesticSilver yes ⓘ
silverPurchaseSource domestic mines ⓘ
status in force as historical statute ⓘ
subject coinage ⓘ
mining policy ⓘ
monetary policy ⓘ
silver policy ⓘ
timePeriod World War I ⓘ
yearEnacted 1918 ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Peace dollar → authorizedBy → Pittman Act of 1918 ⓘ