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The first act, the Currency Act 1751 (24 Geo. 2. c. 53), restricted the issue of paper money and the establishment of new public banks by the colonies of New England. [7]
The National Bank Act (ch. 58, 12 Stat. 665; February 25, 1863), originally known as the National Currency Act, was passed in the Senate by a 23–21 vote, and was supplemented a year later by the National Banking Act of 1864. The goals of these acts was to create a single national currency, a nationalized bank chartering system, and to raise ...
The Coinage Act of 1965 removed all silver from quarters and dimes, which were 90% silver prior to the act. However, there was a provision in the act allowing some coins to contain a 40% silver consistency, such as the Kennedy Half Dollar. Later, even this provision was removed, with the last circulating silver-content halves minted in 1969.
The Aldrich–Vreeland Act was a United States law passed in response to the Panic of 1907 which established the National Monetary Commission. On May 27, 1908, the bill passed the House , mostly on a party-line vote of 166–140, with 13 Republicans voting against it and no Democrats voting for it. [ 1 ]
The currency of the American colonies, 1700–1764: a study in colonial finance and imperial relations. Dissertations in American economic history. New York: Arno Press, 1975. ISBN 0-405-07257-0. Ernst, Joseph Albert. Money and politics in America, 1755–1775: a study in the Currency act of 1764 and the political economy of revolution. Chapel ...
On Wednesday, U.S. Senators John McCain and Mike Enzi announced the reintroduction of the Currency Optimization, Innovation, and National Savings Act of 2017, or the COINS Act for short.
The Currency Act of 1870 (41st Congress, Sess. 2, ch. 252, 16 Stat. 251, enacted July 12, 1870) maintained greenbacks issued during the American Civil War at their existing level, about $356 million, neither contracting them nor issuing more.
A warden looks through a magnifyer to check a 500 Pound coin during the "Trial of the Pyx,'' a ceremony that dates to the 12th Century in which coins are weighed in order to make certain they are ...