Resumption of Specie Payments Act of 1875
E697870
The Resumption of Specie Payments Act of 1875 was a U.S. law that aimed to restore the gold-backed convertibility of paper currency after the Civil War, marking a key step toward monetary stability and the end of wartime inflationary policies.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Resumption Act of 1875 | 1 |
| Resumption of Specie Payments Act of 1875 canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T7880970 — 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: Resumption of Specie Payments Act of 1875 Context triple: [Ulysses S. Grant administration, significantEvent, Resumption of Specie Payments Act of 1875]
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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.
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B.
Legal Tender Act of 1862
The Legal Tender Act of 1862 was a U.S. Civil War–era law that authorized the issuance of paper money not backed by gold or silver and declared it legal tender for most debts, fundamentally reshaping the nation’s monetary system.
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C.
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.
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D.
Independent Treasury Act of 1840
The Independent Treasury Act of 1840 was a U.S. law that created a federal system of government-owned vaults and sub-treasuries to hold public funds, separating them from private banks and limiting the role of state-chartered institutions in managing federal money.
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E.
Coinage Act of 1873
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.
- 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: Resumption of Specie Payments Act of 1875 Target entity description: The Resumption of Specie Payments Act of 1875 was a U.S. law that aimed to restore the gold-backed convertibility of paper currency after the Civil War, marking a key step toward monetary stability and the end of wartime inflationary policies.
-
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.
Legal Tender Act of 1862
The Legal Tender Act of 1862 was a U.S. Civil War–era law that authorized the issuance of paper money not backed by gold or silver and declared it legal tender for most debts, fundamentally reshaping the nation’s monetary system.
-
C.
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.
-
D.
Independent Treasury Act of 1840
The Independent Treasury Act of 1840 was a U.S. law that created a federal system of government-owned vaults and sub-treasuries to hold public funds, separating them from private banks and limiting the role of state-chartered institutions in managing federal money.
-
E.
Coinage Act of 1873
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.
- F. None of above. chosen
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal law
ⓘ
monetary reform law ⓘ |
| aimedTo |
reduce the paper money supply relative to gold reserves
ⓘ
restore confidence in United States currency ⓘ |
| appliesTo |
United States notes
ⓘ
linked to:
United States Note
greenbacks ⓘ |
| country |
United States
ⓘ
linked to:
United States of America
|
| economicEffect |
contributed to a deflationary environment in the late 1870s
ⓘ
helped end the Civil War–era inflationary policies ⓘ |
| effectiveDate | 1879-01-01 ⓘ |
| enactmentDate | 1875-01-14 ⓘ |
| field |
economic history of the United States
ⓘ
monetary policy ⓘ |
| followed | Civil War suspension of specie payments in 1861 ⓘ |
| hasPart |
provisions for accumulating gold reserves
ⓘ
provisions for gradual reduction or management of greenbacks in circulation ⓘ |
| historicalContext | post–Civil War inflation and wartime finance ⓘ |
| historicalPeriod | Reconstruction era ⓘ |
| implementedBy |
Secretary of the Treasury John Sherman
ⓘ
United States Department of the Treasury ⓘ |
| jurisdiction |
United States federal government
ⓘ
linked to:
United States government
|
| language | English ⓘ |
| legalStatus | repealed or superseded by later monetary legislation ⓘ |
| legislativeBody | United States Congress ⓘ |
| monetaryStandard | gold standard ⓘ |
| namedAfter | resumption of specie payments ⓘ |
| opposedBy |
Greenback Party
ⓘ
agrarian and debtor interests ⓘ |
| policyType | deflationary monetary policy ⓘ |
| providedThat |
United States notes would be redeemable in specie on demand after 1879-01-01
ⓘ
the Secretary of the Treasury should prepare for redemption of United States notes in coin ⓘ |
| purpose |
to end the Civil War era suspension of specie payments
ⓘ
to promote monetary stability after the American Civil War ⓘ to restore gold convertibility of United States notes ⓘ to resume specie payments on United States paper currency ⓘ |
| relatedTo |
National Banking Acts
ⓘ
linked to:
National Banking Act of 1863
United States Notes ⓘ
linked to:
United States Note
gold standard in the United States ⓘ greenback movement ⓘ |
| resultedIn | formal resumption of specie payments in 1879 ⓘ |
| signedBy | Ulysses S. Grant ⓘ |
| signingDate | 1875-01-14 ⓘ |
| startTime | 1875 ⓘ |
| supportedBy |
creditor and banking interests
ⓘ
hard money advocates ⓘ |
| timePeriodCovered | post–Civil War United States monetary system ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Resumption of Specie Payments Act of 1875 Description of subject: The Resumption of Specie Payments Act of 1875 was a U.S. law that aimed to restore the gold-backed convertibility of paper currency after the Civil War, marking a key step toward monetary stability and the end of wartime inflationary policies.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: Resumption of Specie Payments Act of 1875