Question

question 27 (1 point) colorado suffered with the repeal of the sherman silver purchase act of 1890 because it had a) authorized the us government to purchase silver at the ration of 16:1. b) forced the government to only buy silver from colorado. c) authorized the us government to purchase up to 4.5 million ounces of silver per month. d) increased coloradds ability to trade with foreign countries.

Explanation:

The Sherman Silver Purchase Act of 1890 required the U.S. government to purchase 4.5 million ounces of silver per month. Colorado had a significant silver - mining industry, and the repeal of this act hurt its economy as it reduced the government's demand for silver. Option A is about the bimetallic ratio which is not the main reason for Colorado's suffering. Option B is incorrect as the act did not force the government to buy only from Colorado. Option D is unrelated to the act's provisions.

Answer:

C. authorized the US government to purchase up to 4.5 million ounces of silver per month.