The panic of 1893 was caused by the Sherman Silver Act of 1890, which

The panic of 1893 was caused by the Sherman Silver Act of 1890, which doubled the Treasury’s monthly purchase rates to 4.

5 million ounces of silver at current market prices and was eased when President Cleveland called for the Act’s repeal on June 30, 1893. Indicate whether the statement is true or false

 

ANSWER

TRUE

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