The U.S. Civil War: Was it one nation divided, remaking itself, or two nations at war? There is no one answer. But every day was a day of great change.
Thursday, July 4, 2013
February 26, 1863---The U.S. passes its first National Banking Act
FEBRUARY 26, 1863:
Congress
passes the National Banking Act, establishing a uniform system of currency
backed by specie for the entire country. The management of money is given over
to the Federal Reserve.
No comments:
Post a Comment