Crime of 1873

E553258

The "Crime of 1873" is a pejorative term used by critics to describe the U.S. law that ended the minting of silver dollars and effectively placed the country on a de facto gold standard, which they blamed for deflation and economic hardship.

All labels observed (1)

Label Occurrences
Crime of 1873 canonical 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf historical event ⓘ
monetary policy controversy ⓘ
pejorative term ⓘ
appliedTo U.S. monetary system ⓘ
associatedWith Free Silver movement ⓘ
Long Depression ⓘ
linked to: Panic of 1873

Panic of 1873 ⓘ
bimetallism debate in the United States ⓘ
late 19th-century deflation ⓘ
controversyOver role of silver in the U.S. monetary standard ⓘ
country United States ⓘ
criticizedBy Populists ⓘ
linked to: Populist movement

bimetallists ⓘ
farmers ⓘ
silver interests ⓘ
criticizedFor causing economic hardship for farmers and debtors ⓘ
causing or worsening deflation ⓘ
date 1873 ⓘ
describedAs end of the minting of standard silver dollars ⓘ
effect demonetization of silver ⓘ
ended free coinage of silver for standard silver dollars ⓘ
placed the United States on a de facto gold standard ⓘ
reduction of bimetallism in the United States ⓘ
followedBy Bland–Allison Act of 1878 ⓘ
linked to: Bland–Allison Act

Sherman Silver Purchase Act of 1890 ⓘ
political campaigns for the remonetization of silver ⓘ
hasCause Coinage Act of 1873 ⓘ
historicalContext global move toward the gold standard in the 19th century ⓘ
post–Civil War U.S. monetary reconstruction ⓘ
influenced 1896 United States presidential election monetary debate ⓘ
William Jennings Bryan’s “Cross of Gold” speech ⓘ
labelUsedBy opponents of the Coinage Act of 1873 ⓘ
legalBasis act signed by President Ulysses S. Grant ⓘ
perceivedImpactOn agricultural prices ⓘ
real burden of debts ⓘ
rural economies ⓘ
policyChange elimination of the standard silver dollar from the list of coins to be minted ⓘ
restriction of silver coinage to subsidiary coins ⓘ
shift from bimetallism toward gold monometallism ⓘ
refersTo Coinage Act of 1873 ⓘ
relatedConcept Free Silver ⓘ
bimetallism ⓘ
deflation ⓘ
gold standard ⓘ
monetary policy of the United States ⓘ
terminologyOrigin coined by critics of the Coinage Act of 1873 ⓘ
viewedByOpponentsAs deliberate favoring of creditors and financial interests over debtors ⓘ
viewedBySupportersAs modernization and rationalization of the coinage system ⓘ

How these facts were elicited

Referenced by (1)

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

Coinage Act of 1873 → alsoKnownAs → Crime of 1873 ⓘ