These are from course notes, usually i look up someones words when they tell me they can not do it ahead of time, but i got lazy. srry.
Compromise of 1877
During the electoral standoff in 1876 between Hayes (Republican) and Tilde (Democrat). The Compromise of 1877 meant that the Democrats reluctantly agreed that Hayes might take office if he ended reconstruction in the South.
Bland-Allison Act
This act was a compromise concerning the coinage of silver designed by Richard P. Bland. It was put into effect in 1878. The act stated that the Treasury had to buy and coin between $2 and $4 million worth of silver bullion each month. The government put down hopes of inflationists when it bought only the legal minimum.
No comments:
Post a Comment