Editing Long Depression (section)

===Monetary responses===

In 1874, a year after the 1873 crash, the [[United States Congress]] passed legislation called the [[Inflation]] Bill of 1874 designed to confront the issue of falling prices by injecting fresh [[United States Note|greenbacks]] into the money supply.<ref name="reconstruction">{{cite book|title=[[Reconstruction: America's Unfinished Revolution - 1863-1877|Reconstruction: America's unfinished revolution, 1863–1877]]|author=Eric Foner|publisher=HarperCollins|year=2002|isbn=0-06-093716-5|page=522}}</ref> Under pressure from business interests, [[President of the United States|President]] [[Ulysses S. Grant]] [[veto]]ed the measure.<ref name="reconstruction"/> In 1878, Congress overrode President [[Rutherford B. Hayes]]'s veto to pass the [[Bland–Allison Act|Silver Purchase Act]], a similar but more successful attempt to promote "easy money".<ref name="cycles"/>