When advocates of bimetallism referred to the crime of '73,they were talking about
A) the financial panic that hit the United States in 1873.
B) Ulysses S.Grant's return to the Oval Office for a second term.
C) the decision by Congress in 1873 to stop buying and minting silver.
D) the decision by Congress in 1873 to stop buying and minting gold.

Question

Quizplus · Accepted Answer

The advocates of bimetallism referred to the crime of '73 to describe the decision made by Congress in 1873 to stop buying and minting silver, which effectively ended the bimetallic standard in the United States. The term "crime" was used to convey the idea that this decision was a deliberate effort to undermine the value of silver in favor of gold. The advocates believed that a bimetallic system was necessary to stabilize the economy and prevent inflation.

When Advocates of Bimetallism Referred to the Crime of '73,they