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Bland-Allison Act

[bland-al-uh-suhn]

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noun U.S. History.

an act of Congress (1878) requiring the federal government to purchase at the market price from two to four million dollars' worth of silver monthly for conversion into silver dollars containing 16 times more silver per coin than gold in dollar coins of gold.

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Based on the Random House Dictionary, © Random House, Inc. 2012.
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Bland-Allison Act

Bland-Al·li·son Act