Editors. "Grover Cleveland repeals Sherman bill on compulsory silver purchase". The Literary Encyclopedia. First published 30 December 2011
[http://www.litencyc.com/php/stopics.php?rec=true&UID=19103, accessed 04 August 2015.]
US President Grover Cleveland repeals the Sherman Silver Purchase Act of 1890, which had increased the amount of silver the government was obliged to purchase every year. This had attempted to secure silver as the basis for the American currency, but with Cleveland's repeal of the Act, gold returns to its place as the foundation of consumer confidence.
Please log in to consult the article in its entirety. If you are a member (student of staff) of a subscribing institution (see List), you should be able to access the LE on campus directly (without the need to log in), and off-campus either via the institutional log in we offer, or via your institution's remote access facilities, or by creating a personal user account with your institutional email address. If you are not a member of a subscribing institution, you will need to purchase a personal subscription. For more information on how to subscribe as an individual user, please see under Individual Subcriptions.