195k views
1 vote
why was the issuing of silver certificates in 1878 a positive step in establishing a national currency

User Codygman
by
7.1k points

1 Answer

4 votes
Silver certificates are a type of representative money issued between 1878 and 1964 in the United States as part of its circulation of paper currency. They were produced in response to silver agitation by citizens who were angered by the Fourth Coinage Act, which had effectively placed the United States on a gold standard.
User Mudiaga Ejenavi
by
5.6k points