Limping bimetallism

Limping bimetallism

Limping bimetallism was a monetary system in the United States that was partially dependent on silver but primarily dependent on gold. It was developed after the abandonment of bimetallism and the adoption of the gold standard in 1873. The Bland-Allison Act of 1878 allowed the coining of new silver dollars, thus creating this system, which was then abandoned again once the Gold Standard Act of 1900 was enacted.


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  • Bland-Allison Act — The Bland Allison Act was a 1878 law passed over the veto of President Rutherford B. Hayes requiring the U.S. treasury to buy a certain amount of silver and put it into circulation as silver dollars. The goal was to subsidize the silver industry… …   Wikipedia

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