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ATD 81-96

204 bytes added, 20:27, 7 December 2006
/* Page 89 */
==Page 89==
'''Repeal of the Silver Act of 1893'''<br>
'''silver-boom babies'''<br>Assuming the silver boom of 1890-1892 is meant, Webb's kids were aged about 9 to 16. [http://against-the-day.pynchonwiki.com/wiki/index.php?title=Timeline [Timeline with spoilers]] '''repeal of the Silver Act'''<br> Prior to 18931892, both Silver and Gold were used as a metallic standard for currency in the United States. The Sherman Act authorized the treasury to purchase 4.5 million ounces of silver per month. This inflated the price of silver, causing eastern investors to start hoarding gold as a hedge. The unrest this caused in the Colorado mines resulted in the repeal of the Act. When this happened, the mining of silver began to rapidly decline, causing further destabilization in the silver mining industry.
==Page 93==
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