Ulysses S Grant14 January 1875
The Specie Payment Resumption Act commits the Treasury to redeem United States notes in coin from 1879, establishing a timetable for restoring gold convertibility.
United States of America · Government / Republican Party Government. Chronological records rendered directly from the World History Database.
The Specie Payment Resumption Act commits the Treasury to redeem United States notes in coin from 1879, establishing a timetable for restoring gold convertibility.
The Act schedules redemption of Civil War greenbacks in gold from January 1879.
This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.