Coinage Act of 1873

E130640

The Coinage Act of 1873 was a U.S. federal law that effectively ended the minting of standard silver dollars, placing the nation firmly on the gold standard and sparking the later "Free Silver" political movement.

All labels observed (3)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf United States federal statute ⓘ
monetary law ⓘ
administeredBy Bureau of the Mint ⓘ
linked to: United States Mint

United States Department of the Treasury ⓘ
alsoKnownAs Crime of 1873 ⓘ
Mint Act of 1873 ⓘ
linked to: Coinage Act of 1873
appliesTo United States monetary system ⓘ
codifiedIn Revised Statutes of the United States ⓘ
country United States ⓘ
dateEnacted 1873-02-12 ⓘ
dateSigned 1873-02-12 ⓘ
effect authorized a trade dollar primarily for use in foreign commerce ⓘ
created the Bureau of the Mint within the Treasury Department ⓘ
demonetized silver for standard dollar coinage ⓘ
eliminated the silver half-dime ⓘ
eliminated the silver three-cent coin ⓘ
eliminated the silver two-cent coin ⓘ
ended the standard silver dollar as a legal-tender coin for unlimited amounts ⓘ
placed the United States de facto on the gold standard ⓘ
redefined subsidiary silver coins as tokens with limited legal-tender status ⓘ
reduced the monetary role of silver in the U.S. coinage system ⓘ
reorganized the structure of the U.S. Mint ⓘ
restricted bimetallism in the United States ⓘ
specified the gold content of the gold dollar unit of value ⓘ
enactedBy United States Congress ⓘ
followedBy Bland–Allison Act ⓘ
Sherman Silver Purchase Act ⓘ
historicalContext post–Civil War monetary debates in the United States ⓘ
transition from bimetallism to a gold standard ⓘ
inspired Free Silver political movement ⓘ
legalTenderStatus limited legal tender for subsidiary silver coins ⓘ
no legal-tender status for standard silver dollars coined after the act ⓘ
locationJurisdiction federal ⓘ
longTermImpact contributed to deflationary pressures in the late 19th century ⓘ
helped pave the way for formal adoption of the gold standard in 1900 ⓘ
intensified political conflict over silver and gold in the 1870s and 1890s ⓘ
politicalReaction criticized by silver interests in Western states ⓘ
denounced by agrarian and debtor groups ⓘ
labeled the "Crime of 1873" by opponents ⓘ
precededBy Coinage Act of 1853 ⓘ
purpose to revise and codify the laws relating to the mints and coinage of the United States ⓘ
relatedTo Free Silver movement ⓘ
shortTitle Coinage Act of 1873 ⓘ
signedBy Ulysses S. Grant ⓘ
signingPresident Ulysses S. Grant ⓘ
subjectMatter U.S. Mint organization ⓘ
linked to: United States Mint

coinage ⓘ
monetary standard ⓘ

How these facts were elicited

Referenced by (15)

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

Coinage Act of 1853 → precedes → Coinage Act of 1873 ⓘ
Sherman Silver Purchase Act of 1890 → relatedTo → Coinage Act of 1873 ⓘ
Bland–Allison Act → relatedTo → Coinage Act of 1873 ⓘ
Seated Liberty dollar → reasonForDiscontinuation → Coinage Act of 1873 ⓘ
Trade dollar → authorizedBy → Coinage Act of 1873 ⓘ
Coinage Act of 1873 → shortTitle → Coinage Act of 1873 ⓘ
Coinage Act of 1873 → alsoKnownAs → Mint Act of 1873 ⓘ
linked to: Coinage Act of 1873
Free Silver movement → influencedBy → Coinage Act of 1873 ⓘ
Trade dollar → authorizedBy → Coinage Act of 1873 ⓘ
subject linked to: TRADE DOLLAR
Coinage Act of 1837 → relatedTo → Coinage Act of 1873 ⓘ
Crime of 1873 → refersTo → Coinage Act of 1873 ⓘ
Crime of 1873 → hasCause → Coinage Act of 1873 ⓘ
Gold Standard Act of 1900 → relatedTo → Coinage Act of 1873 ⓘ
Pittman Act of 1918 → relatedTo → United States Coinage Act of 1873 ⓘ
linked to: Coinage Act of 1873