Coinage Act of 1834

The Coinage Act of 1834 was a U.S. law that adjusted the country's coinage system, specifically changing the gold and silver content in coins. It aimed to increase the value of gold coins by lowering the amount of silver in them, making gold coins more common. This shift encouraged gold mining and helped stabilize the economy, as the U.S. was moving toward a gold standard. The act also refined the measurement standards for coins, ultimately promoting uniformity and trust in U.S. currency.