Which of the following is true of the Bland-Allison Act and the Sherman Silver Purchase Act?

Question

Quizplus · Accepted Answer

Both acts were attempts to increase the money supply and provide relief for debtors, but they did not pump enough new money into circulation to satisfy all debtors. This created continued demands for inflating the currency and led to the eventual adoption of the Gold Standard Act. Option A is incorrect as these acts were an attempt to inflate the currency. Option B is incorrect as there were demands for inflating the currency but there were no protests by farmers. Option D is incorrect as the acts were not straightforward and uncompromising, but rather attempts to address a complex economic issue.

Which of the Following Is True of the Bland-Allison Act