Greenbacks

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August 31, 2024 4 min read Definitions
Legal Tender Act: A Milestone in U.S. Financial History
History Economics Government Regulations Legal Tender Act Greenbacks U.S. Economy Monetary Policy Civil War
An in-depth exploration of the Legal Tender Act, its historical context, impact on the economy, and long-term effects on U.S. monetary policy.
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August 31, 2024 4 min read Definitions
Legal Tender Act of 1862: Authorized the Issuance of Greenbacks during the Civil War
History Finance Legal Tender Act 1862 Greenbacks Civil War U.S. Legislation
The Legal Tender Act of 1862 was a pivotal piece of legislation in U.S. history, authorizing the issuance of paper currency not backed by gold or silver, known as Greenbacks, to finance the Civil War.
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August 31, 2024 2 min read Definitions
Specie Payment Resumption Act of 1875: Legislation to Resume Greenbacks' Convertibility into Gold
Legislation Economics Specie Payment Resumption Act Greenbacks Gold Standard Finance History 19th Century American Legislation
The Specie Payment Resumption Act of 1875 was legislation aimed at reestablishing the convertibility of Greenbacks (the paper currency issued during the Civil War) into gold.
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