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Browsing named entities in Harper's Encyclopedia of United States History (ed. Benson Lossing). You can also browse the collection for February 25th, 1862 AD or search for February 25th, 1862 AD in all documents.
Your search returned 6 results in 5 document sections:
Harper's Encyclopedia of United States History (ed. Benson Lossing), Debtors. (search)
Harper's Encyclopedia of United States History (ed. Benson Lossing), Inflation legislation. (search)
Inflation legislation.
In order to fully comprehend the financial situation of the United States which led up to the inflation legislation, it is necessary to go back to the State and national finances just after the Civil War opened.
The demand-note issue of July 17, 1861, was the first attempt to use the government notes as currency.
These were redeemable at sight in coin, and were used in the payment of salaries due employes in the departments.
The act of Feb. 25, 1862, authorized the issue of $150,000,000 in legal-tender United States notes, $50,000,000 of which were to take up the issue of demand notes.
July 11, 1862, an additional issue of $150,000,000 in legal-tender notes was authorized by Congress, $35,000,000 of this to be in sums of less than five dollars. July 17, 1862, an act authorized the issue of notes of the fractional part of one dollar, receivable in payment of all dues, except customs, less than five dollars, and exchangeable for United States notes in su
Harper's Encyclopedia of United States History (ed. Benson Lossing), Treaties. (search)
Harper's Encyclopedia of United States History (ed. Benson Lossing), United States of America . (search)