Cleveland and the Currency Issue

Grover Cleveland was clearly a conservative on monetary issues. He favored adherence to the gold standard and opposed schemes that would induce inflation.

Since 1873, the United States had essentially been on the gold standard, but the government did purchase a minimal amount of silver under the Bland-Allison Act (1878). The discovery of new silver deposits in the American West glutted the market and forced world prices downward. American silver producers managed to profitably exchange silver for government gold, thus sharply reducing the Treasury's gold reserve.

Cleveland believed that the appropriate action should be the repeal of Bland-Allison, but Congress refused to act.

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Coins, Currency and Stamps featuring the US Presidents
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Currency and Coinage
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The Currency Act
The act prohibited the issue of any new bills and the reissue of existing currency. Parliament favored a "hard currency" system based on the pound sterling, but was not inclined to regulate the colonial bills. Rather, they simply abolished them ...
http://www.ushistory.org/declaration/related/currencyact.htm