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| Question | Answer |
|---|---|
| Coinage act 1873 purpose | Ended redemption of silver for currency, limited amount of silvery treasury can purchase to 2 mil per month |
| Coinage act 1873 impact | deflation, farmers with loans screwed, miners had excess metal |
| legal tender act 1862 purpose | made paperbacks legal tender, created national currency |
| legal tender act 1862 impact | initial panic, but greenbacks worked better than suspected |
| National banking act 1863 purpose | created war bond market, resetablish central banking systen, develop stable bank note currency |
| National banking act 1863 impact | growth in national banks, reduced chaos from state-chartered banking systems |
| Specie payment resumption act 1874 purpose | transition back to specie currency, no more greenbacks |
| specie payment resumption act 1874 impact | stabilized economy/monetary policy |
| bland allison act 1878 purpose | fix economic hardship after panic of 1873, require treasury to buy silver (hindered by coinage act 1873). |
| bland allison act 1878 impact | vetoed initially, overrode, but failed to meet miner demands for silver redemption. |
| gold standard act 1900 purpose | fix value of gold at $20.67 per oz, heal economy (impact: eliminated silver usage in the economy). |
| what did stalwarts want | revert to older republicanism system |
| what did gilded age republicans support | industrialism, protestantism, support of internal infrastructure like in american system |
| what did interstate commerce act do | regulated railroad rates to be "reasonable and just" but actually helped railroads by ending price wars |
| antitrust movement act | sherman antitrust act of 1890 prevented contract, combination of business, and price collusion |
| how did US diplomacy change in the gilded age | US expanded and engaged more in diplomacy |
| United States Vs. E.C. Knight Co. | Ruled antitrust act didn't apply to manufacturing for some reason |
| how did liberal arts change | realism, naturalism, everyday scenes, skyscrapers, acrhitecture |
| what sparked reform | middle class leisure time despite union failure |
| leisure activities during gilded age | watching spectator sports like baseball, circuses, popular press, music |
| what did andrew carnegie argue for | give money to school systems to help poor by providing opportunity, unregulated capitalism, criticized for being radical |
| Morill acts 1862 and 1890 | provided land for state-funded colleges, feminism spawned female colleges |
| public school focus effects | emphasis on early childhood (kindergarten), literacy rates rose from compulsive schooling, stimulated by white collar demand |
| when was AFL founded | december 8th, 1886 |
| what was homestead act | gave 120 acres of land to settlers for 5 years during civil war |