the Sherman Silver Purchase Act of 1890

E48764

United States federal statute monetary policy legislation

The Sherman Silver Purchase Act of 1890 was a U.S. law that greatly increased federal purchases of silver, expanding the money supply and contributing to financial instability in the early 1890s.

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All labels observed (4)

Label	Occurrences
Sherman Silver Purchase Act	9
Sherman Silver Purchase Act of 1890	2
Treasury Note of 1890	1
the Sherman Silver Purchase Act of 1890 canonical	1

How this entity was disambiguated

This entity first appeared as the object of triple T384768 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: the Sherman Silver Purchase Act of 1890
Context triple: [Panic of 1893, hasCause, the Sherman Silver Purchase Act of 1890]

A. Coinage Act of 1849
The Coinage Act of 1849 was a United States law that authorized the minting of gold dollar and double eagle ($20) coins, expanding the nation’s gold coinage during the California Gold Rush era.
B. Coinage Act of 1853
The Coinage Act of 1853 was a U.S. law that significantly reduced the silver content of small-denomination coins to keep them in circulation and effectively moved the country closer to a de facto gold standard.
C. Coinage Act of 1792
The Coinage Act of 1792 was a foundational United States law that created the national mint system and defined the country’s monetary structure, including its standard units, metal content, and coin denominations.
D. National Banking Act of 1863
The National Banking Act of 1863 was a U.S. Civil War–era law that created a system of nationally chartered banks and a uniform national currency, reshaping the American banking and monetary system.
E. Coinage Act of 1834
The Coinage Act of 1834 was a U.S. law that significantly altered the gold-to-silver ratio and the gold content of coins, helping to stabilize the currency and encourage the circulation of gold.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: the Sherman Silver Purchase Act of 1890
Target entity description: The Sherman Silver Purchase Act of 1890 was a U.S. law that greatly increased federal purchases of silver, expanding the money supply and contributing to financial instability in the early 1890s.

A. Coinage Act of 1849
The Coinage Act of 1849 was a United States law that authorized the minting of gold dollar and double eagle ($20) coins, expanding the nation’s gold coinage during the California Gold Rush era.
B. Coinage Act of 1853
The Coinage Act of 1853 was a U.S. law that significantly reduced the silver content of small-denomination coins to keep them in circulation and effectively moved the country closer to a de facto gold standard.
C. Coinage Act of 1792
The Coinage Act of 1792 was a foundational United States law that created the national mint system and defined the country’s monetary structure, including its standard units, metal content, and coin denominations.
D. National Banking Act of 1863
The National Banking Act of 1863 was a U.S. Civil War–era law that created a system of nationally chartered banks and a uniform national currency, reshaping the American banking and monetary system.
E. Coinage Act of 1834
The Coinage Act of 1834 was a U.S. law that significantly altered the gold-to-silver ratio and the gold content of coins, helping to stabilize the currency and encourage the circulation of gold.
F. None of above. chosen

Statements (48)

Predicate	Object
instanceOf	United States federal statute ⓘ monetary policy legislation ⓘ
amended	Bland–Allison Act ⓘ
associatedWithEvent	Panic of 1893 ⓘ
consideredCauseOf	Panic of 1893 ⓘ
country	United States ⓘ linked to: United States of America
criticizedBy	gold standard advocates ⓘ
effect	contributed to financial instability in the early 1890s ⓘ expanded United States money supply ⓘ increased demand for silver ⓘ put pressure on U.S. gold reserves ⓘ
enactedBy	51st United States Congress ⓘ
field	economic history ⓘ financial history of the United States ⓘ
followedBy	repeal during Panic of 1893 ⓘ
historicalEra	Gilded Age ⓘ
jurisdiction	United States federal government ⓘ linked to: United States government
legalStatus	repealed ⓘ
monetaryStandardImplication	moved U.S. toward bimetallism ⓘ
namedAfter	John Sherman ⓘ
opposedBy	Eastern financial interests ⓘ
partOf	United States monetary history ⓘ bimetallism debate in the United States ⓘ
paymentInstrument	Treasury notes ⓘ
precededBy	Bland–Allison Act ⓘ
purpose	to appease silver interests in Western states ⓘ to increase government purchases of silver ⓘ
reasonForRepeal	to halt depletion of U.S. gold reserves ⓘ to restore confidence in the gold standard ⓘ
relatedTo	Coinage Act of 1873 ⓘ Free silver movement ⓘ Gold standard in the United States ⓘ
repealDate	1893-11-01 ⓘ
repealedBy	Cleveland administration ⓘ
repealYear	1893 ⓘ
replaced	Bland–Allison Act ⓘ
requiredPurchaseAmount	4.5 million ounces of silver per month ⓘ
requiredPurchaseFrequency	monthly ⓘ
signedBy	Benjamin Harrison ⓘ
signingDate	1890-07-14 ⓘ
subject	bimetallism ⓘ monetary expansion ⓘ silver purchase ⓘ
supportedBy	Western and Southern politicians ⓘ silver mining interests ⓘ
treasuryNotesRedeemableIn	gold ⓘ silver ⓘ
yearEnacted	1890 ⓘ

How these facts were elicited