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January 14, 1875

Congress passes the Resumption Act

The act set the United States on a path to redeem paper money in specie beginning in 1879.

Canonical milestoneWashington, D.C., United States1 timeline

Context

Appears In

TimelineTimeline of the Gold Standard

Position 10

Authority

Sources

Encyclopaedia BritannicaConfidence 95%

Taxonomy

Tags

financeunited-statesmoney