If you need an accessible version of this item please contact JSTOR User Support

The Crime of 1873

Milton Friedman
Journal of Political Economy
Vol. 98, No. 6 (Dec., 1990), pp. 1159-1194
Stable URL: http://www.jstor.org/stable/2937754
Page Count: 36
  • Download PDF
  • Cite this Item

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If you need an accessible version of this item please contact JSTOR User Support
The Crime of 1873
Preview not available

Abstract

The U.S. Coinage Act of 1873 eliminated provision for the free coinage of silver. That act cast the die for a gold standard. The conventional view is that "the act of 1873 was a piece of good fortune." This paper indicates that it was the opposite--a mistake that had highly adverse consequences. This is a judgment about 1873, not 1896. By 1896, when William Jennings Bryan ran for president on a "free-silver ticket," it was too late to undo the damage. Bryan was trying to close the barn door after the horse had been stolen.

Page Thumbnails

  • Thumbnail: Page 
1159
    1159
  • Thumbnail: Page 
1160
    1160
  • Thumbnail: Page 
1161
    1161
  • Thumbnail: Page 
1162
    1162
  • Thumbnail: Page 
1163
    1163
  • Thumbnail: Page 
1164
    1164
  • Thumbnail: Page 
1165
    1165
  • Thumbnail: Page 
1166
    1166
  • Thumbnail: Page 
1167
    1167
  • Thumbnail: Page 
1168
    1168
  • Thumbnail: Page 
1169
    1169
  • Thumbnail: Page 
1170
    1170
  • Thumbnail: Page 
1171
    1171
  • Thumbnail: Page 
1172
    1172
  • Thumbnail: Page 
1173
    1173
  • Thumbnail: Page 
1174
    1174
  • Thumbnail: Page 
1175
    1175
  • Thumbnail: Page 
1176
    1176
  • Thumbnail: Page 
1177
    1177
  • Thumbnail: Page 
1178
    1178
  • Thumbnail: Page 
1179
    1179
  • Thumbnail: Page 
1180
    1180
  • Thumbnail: Page 
1181
    1181
  • Thumbnail: Page 
1182
    1182
  • Thumbnail: Page 
1183
    1183
  • Thumbnail: Page 
1184
    1184
  • Thumbnail: Page 
1185
    1185
  • Thumbnail: Page 
1186
    1186
  • Thumbnail: Page 
1187
    1187
  • Thumbnail: Page 
[1188]
    [1188]
  • Thumbnail: Page 
1189
    1189
  • Thumbnail: Page 
1190
    1190
  • Thumbnail: Page 
1191
    1191
  • Thumbnail: Page 
1192
    1192
  • Thumbnail: Page 
1193
    1193
  • Thumbnail: Page 
1194
    1194