Complex sentence: Under the Act, the federal government purchased millions of ounces of silver, with issues of paper currency; it became the second-largest buyer in the world, after the British Crown in India, where the Indian Rupee was backed by silver rather than gold.
Split into simpler sentences: Under the Act, the federal government purchased millions of ounces of silver, with issues of paper currency. It became the second-largest buyer in the world, after the British Crown in India, where the Indian Rupee was backed by silver rather than gold.