Gold Standard Act of 1900

E626770

The Gold Standard Act of 1900 was a U.S. federal law that formally placed the United States on the gold standard by defining the dollar in terms of a fixed quantity of gold and making gold the sole basis for redeeming paper currency.

All labels observed (1)

Label Occurrences
Gold Standard Act of 1900 canonical 2

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf United States federal law ⓘ
monetary reform law ⓘ
aimedTo increase confidence in U.S. currency ⓘ
stabilize the value of the U.S. dollar ⓘ
authorizedCreationOf gold reserve for redemption purposes ⓘ
cameAfter Sherman Silver Purchase Act of 1890 ⓘ
repeal of the Sherman Silver Purchase Act ⓘ
chamberOfOrigin United States House of Representatives ⓘ
codified gold standard as basis of U.S. currency system ⓘ
confirmedSuspensionOf free coinage of silver ⓘ
country United States ⓘ
dateOfEnactment 1900-03-14 ⓘ
definedDollarInTermsOf fixed quantity of gold ⓘ
definedGoldContentOfDollar 25.8 grains of gold ⓘ
definedGoldFineness 0.900 fine ⓘ
definedMonetaryStandard gold standard ⓘ
effectiveIn United States monetary policy ⓘ
endedBimetallismInPractice United States monetary system ⓘ
establishedPolicyOf maintaining parity between gold and other forms of U.S. currency ⓘ
historicalPeriod Progressive Era ⓘ
influencedBy Panic of 1893 ⓘ
jurisdiction federal government of the United States ⓘ
language English ⓘ
legalCitation 31 Stat. 45 ⓘ
legislativeBody United States Congress ⓘ
madeGoldSoleRedemptionBasisFor United States Treasury notes ⓘ
United States banknotes ⓘ
United States paper currency ⓘ
madeRedeemableIn gold ⓘ
officeOfSigner President of the United States ⓘ
opposedBy Free Silver movement ⓘ
otherChamber United States Senate ⓘ
politicalContext late 19th-century debate over gold vs. silver ⓘ
reaffirmed commitment to gold payments on government obligations ⓘ
reducedRoleOf silver in U.S. monetary system ⓘ
relatedTo Coinage Act of 1873 ⓘ
Federal Reserve Act of 1913 ⓘ
National Banking Acts ⓘ
remainedInEffectUntil abandonment of domestic gold standard in 1933 ⓘ
requiredSecretaryOfTheTreasuryTo maintain parity of all forms of money with gold ⓘ
shortDescription U.S. law formally placing the United States on the gold standard ⓘ
signedBy William McKinley ⓘ
specifiedRedemptionMedium gold bullion ⓘ
gold coin ⓘ
subjectOf debates over monetary policy in the 1900 presidential election ⓘ
supportedBy gold standard advocates ⓘ
many Eastern financial interests ⓘ

How these facts were elicited

Referenced by (2)

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

United States gold policy → codifiedBy → Gold Standard Act of 1900 ⓘ
Presidency of William McKinley → significantEvent → Gold Standard Act of 1900 ⓘ