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Updated: August 24, 2026
In 1881 the currency, which had averaged about $725,000,000 for the years 1876-1878, reached over $1,111,000,000. Under these conditions, all that remained available to the platform-makers and propagandists of the party was their opposition to the so-called "monopolistic" national banks with their control over currency and to the refunding of the bonded debt of the government.
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